Urja Global Limited (URJA) Stock - Complete Technical Analysis - Sep 13, 2024

Urja Global Stock Analysis: Key Resistance & Support Levels Technical Insights September 2024

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.

Technical Analysis of Urja Global Limited (URJA)

Current Price: 21.1

Resistance and Support Levels:

Immediate Resistance: 22.0 (Recent Inside Candle Pattern High)

Immediate Support: 21.0 (Recent Inside Candle Pattern Low)

Major Resistance: 24.5 (Fibonacci Pivot R1)

Major Support: 20.15 (Fibonacci Pivot S1)

Technical Indicators:

MACD: The MACD is currently negative, indicating potential bearish momentum.

RSI: The RSI is neutral, suggesting that the stock is neither overbought nor oversold.

ADX: The ADX indicates a weak trend, suggesting that the stock might not have a strong directional movement.

Stochastic: The Stochastic %K is in the oversold territory, which could signal a potential reversal.

CCI: The CCI is in the negative range, indicating weak momentum.

Awesome Oscillator: This is negative, reflecting bearish momentum.

Moving Averages:

Short-Term: The short-term EMAs (10, 20, 30) are close to the current price, indicating a consolidation phase.

Medium to Long-Term: The longer-term EMAs (50, 100, 200) are also aligned closely with the current price, indicating potential support around these levels.

Pivot Points:

Classic Pivot: The stock is currently trading below the Classic Pivot point, which may suggest a bearish bias in the short term.

Camarilla Pivot: The stock is trading near the Camarilla Pivot S1, indicating potential support.

Chart Patterns:

Inside Candle Pattern: Formed on 12-Sep-2024 with a high of 22.0 and a low of 21.0. This pattern suggests a period of consolidation with potential for a breakout.

Additional Observations:

ATR: The ATR values indicate moderate volatility, suggesting that price movements could be relatively dynamic but not extreme.

Volume Weighted Moving Average: This is above the current price, suggesting potential resistance around this level.

Overall, URJA appears to be in a consolidation phase with near-term resistance at 22.0 and support around 21.0. Traders should watch for a breakout from this range to gauge the next directional move. The technical indicators suggest mixed signals with some bearish momentum and potential for reversal. Keep an eye on the MACD and Stochastic for signs of a trend change.