Mayur Uniquoters Ltd (MAYURUNIQ) Stock - Complete Technical Analysis - Aug 30, 2024

Mayur Uniquoters Ltd (MAYURUNIQ) Stock Analysis: Key Technical Indicators

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. Mayur Uniquoters Ltd (MAYURUNIQ) stock, currently priced at 615, displays mixed technical indicators and chart patterns. The Average Directional Index (ADX) is at 25.36, indicating a strong trend but not excessively strong. The Relative Strength Index (RSI) is 41.82, suggesting the stock is approaching oversold territory. Stochastic %K is at 9.79, showing that the stock is in the oversold zone, while the Stochastic RSI is very low at 0.11, reinforcing the oversold condition.

MACD is positive at 1.09, signaling bullish momentum, though this could be offset by the bearish Commodity Channel Index (CCI) of -86.0 and Williams Percent Range of -90.94. The Awesome Oscillator is at -2.5, suggesting weak bullish momentum. The Bull Bear Power is negative at -30.18, further hinting at a bearish sentiment. The Ultimate Oscillator is at 29.92, showing weak buying pressure.

Moving averages indicate mixed signals: the Exponential Moving Average (EMA) shows a downward trend with the 10-day EMA at 637.28 and the 50-day EMA at 625.45, while the 200-day EMA at 569.33 suggests a longer-term uptrend. The Simple Moving Averages (SMA) are similarly conflicted, with the 10-day SMA at 647.08 and the 50-day SMA at 636.26.

Pivot points provide a range of support and resistance levels. The Classic Pivot is 636.48, with resistance levels at 695.52 (R1), 744.03 (R2), and 851.58 (R3). Support levels are at 587.97 (S1), 528.93 (S2), and 421.38 (S3). Camarilla Pivots place the key support at 637.14 (S1) and resistance at 656.86 (R1). Fibonacci Pivots suggest support at 595.4 (S1) and resistance at 677.57 (R1). Woodie Pivots show support at 599.13 (S1) and resistance at 706.68 (R1).

The stock is trading at -12.09% from its 52-week high of 700 and 35.24% above its 52-week low of 455. This positioning, along with the technical indicators, suggests that while the stock is currently in a consolidation phase, there could be opportunities depending on its movement relative to the key support and resistance levels.