PNB Gilts Limited (PNBGILTS) Stock - Complete Technical Analysis - Aug 30, 2024

PNB Gilts Technical Analysis: Key Support

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. Let's dive into the technical analysis of PNB Gilts Limited (PNBGILTS). The current price stands at 129.28, which is approximately 13.23% below its 52-week high of 149.0 and about 105.53% above its 52-week low of 62.9.

Support and Resistance Levels:

Classic Pivot: 131.62

Resistance Levels: R1 at 143.33, R2 at 155.22, R3 at 178.82

Support Levels: S1 at 119.73, S2 at 108.02, S3 at 84.42

Camarilla Pivot: 131.62

Resistance Levels: R1 at 133.6, R2 at 135.77, R3 at 137.93

Support Levels: S1 at 129.28, S2 at 127.11, S3 at 124.95

Fibonacci Pivot: 131.62

Resistance Levels: R1 at 140.64, R2 at 146.2, R3 at 155.22

Support Levels: S1 at 122.6, S2 at 117.04, S3 at 108.02

Woodie Pivot: 131.68

Resistance Levels: R1 at 143.45, R2 at 155.28, R3 at 167.05

Support Levels: S1 at 119.85, S2 at 108.08, S3 at 96.25

Technical Indicators:

MACD: The MACD level indicates bullish momentum.

RSI: At 57.13, RSI shows the stock is in a neutral zone.

Stochastic %K: At 72.51, it suggests the stock is in the overbought region.

Stochastic RSI: At 90.77, indicating the stock is in the extreme overbought zone.

ADX: At 16.65, ADX shows a weak trend.

CCI: The Commodity Channel Index at 114.0 indicates strong momentum.

Awesome Oscillator: Positive at 3.79, reflecting bullish momentum.

Williams Percent Range: At -33.83, suggesting the stock is overbought.

Bull/Bear Power: Positive at 7.55, indicating bullish strength.

Ultimate Oscillator: At 41.74, it suggests potential buying interest.

EMA: The stock is above its short-term EMAs (10, 20, 30, 50) but below the longer-term EMAs (100, 200), suggesting mixed short-term and long-term trends.

SMA: The current price is above the 10, 20, 30, and 50-day SMAs but below the 100 and 200-day SMAs, indicating mixed signals.

Ichimoku Base Line: At 126.45, the price is above this level, indicating potential support.

Volume Weighted Moving Average: At 125.16, suggesting average volume is supporting the current price.

Hull Moving Average: At 132.58, indicating a potential bullish trend if the price moves above this level.

Average True Range (ATR): The ATR is consistent, suggesting moderate volatility.

In summary, PNB Gilts Limited is currently trading near its mid-range with a mix of bullish and bearish indicators. Key resistance levels are around 143.33 and 155.22, while support levels are around 119.73 and 108.02. The stock shows bullish momentum based on MACD and other indicators but has reached overbought levels according to RSI and Stochastic indicators. Traders should monitor these levels closely for potential breakout or reversal signals.