Astral Limited (ASTRAL) Stock - Complete Technical Analysis - Sep 17, 2024

Astral Limited (ASTRAL) Stock Analysis Support & Resistance Levels Explained

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. Astral Limited (ASTRAL) is currently trading at 1,909, which is 22.20% below its 52-week high and 9.72% above its 52-week low. The stock is showing signs of consolidation, indicated by the inside candle pattern. The ADX suggests a moderate trend strength, but the RSI indicates the stock is slightly leaning towards the oversold territory, hinting at a potential for recovery.

The MACD remains bearish, indicating continued downward pressure in the short term, while the momentum indicator is also in negative territory, signaling weak buying activity. The Commodity Channel Index and Awesome Oscillator are both pointing toward a lack of bullish momentum, reinforcing the stock's current weakness. However, Williams Percent Range suggests the stock isnt deeply oversold, meaning there could be room for stabilization.

The stock has key support around 1850, with stronger support near 1800. On the resistance side, the stock faces hurdles around 1950 and 2000. A breakout above 2000 could spark renewed buying interest, but a failure to hold above 1850 could signal further downside risk. Traders should look for increased volume and improved momentum for any clear signs of trend reversal.