Creative Newtech Limited (CREATIVE) Stock - Complete Technical Analysis - Sep 13, 2024

CREATIVE Stock Analysis: Key Support & Resistance Levels Bullish Trend Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Creative Newtech Limited (CREATIVE) is currently trading at 893.15, just below its 52-week high of 994.7, and significantly above its 52-week low of 505.8. The stock is experiencing strong bullish momentum as indicated by the high RSI and Stochastic readings, suggesting that it may be in overbought territory. The ADX indicates a strong trend, and the MACD is positive, supporting the current uptrend.

The stock is facing resistance around 910, while support levels are observed near 850. The recent spinning top candlestick pattern indicates indecision in the market, suggesting that the stock may be at a turning point. Additionally, the inside candle pattern observed recently highlights a consolidation phase, which could precede a breakout or breakdown.

Overall, CREATIVE appears to be in a strong uptrend, but with signs of potential consolidation or reversal in the short term. Traders should monitor for a breakout above the resistance level or a pullback to key support areas before making trading decisions.