S.J.S. Enterprises Limited (SJS) Stock - Complete Technical Analysis - Aug 30, 2024

S.J.S. Enterprises (SJS) Stock Analysis Technical 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. For S.J.S. Enterprises Limited (SJS), let's dive into the technical analysis. The stock is currently trading at 977.55, which is 14.08% below its 52-week high of 1137.7 and 77.08% above its 52-week low of 552.05.

Starting with the moving averages, the stock is trading above its 10-day EMA of 985.37 but below its 20-day EMA of 968.38, indicating a short-term upward trend but potential resistance around the 20-day EMA. The 50-day EMA stands at 897.45, which suggests a support level if the stock faces downward pressure. The 100-day and 200-day EMAs are at 818.0 and 736.91 respectively, showing long-term bullish momentum.

For simple moving averages, the stock is above the 10-day SMA of 999.7 and 20-day SMA of 990.7, but below the 30-day SMA of 936.64. This indicates a mixed short to medium-term trend. The 50-day and 100-day SMAs at 885.09 and 778.16 respectively offer potential support levels.

Pivot points suggest that key levels to watch are the Classic Pivot Point at 840.02, with resistance at R1 - 917.38 and R2 - 963.52, and support at S1 - 793.88 and S2 - 716.52. Camarilla pivots show similar resistance at R1 - 882.57 and R2 - 893.89, and support at S1 - 859.93 and S2 - 848.61. Fibonacci pivots have resistance at R1 - 887.19 and R2 - 916.34, with support at S1 - 792.84 and S2 - 763.69. Woodie pivots suggest resistance at R1 - 932.75 and R2 - 971.2, and support at S1 - 809.25 and S2 - 724.2.

The Average Directional Index (ADX) is high, indicating a strong trend with the current reading at 43.85. However, the RSI at 55.32 suggests the stock is in a neutral position, not overbought or oversold. The Stochastic %K at 13.65 and Stochastic RSI Fast at 4.6 point to a potential oversold condition, which could signal a buying opportunity.

The MACD is positive at 30.18, signaling bullish momentum, while the Awesome Oscillator at 55.96 supports this bullish trend. The Williams Percent Range is extremely low at -86.24, indicating strong oversold conditions, and the Commodity Channel Index (CCI) is also negative at -52.58, suggesting weakness in the trend.

The Hull Moving Average at 966.75 and the Volume Weighted Moving Average (VWMA) at 997.63 further confirm potential support around current levels. The ATR is showing increased volatility with recent peaks, so traders should be prepared for significant price swings.

In terms of chart patterns, the recent Inverted Hammer suggests a potential bullish reversal but is less reliable.

Overall, SJS shows a mixed technical picture with strong bullish signals but some potential resistance and oversold indicators to consider. Traders should keep an eye on the moving averages and pivot points for potential entry and exit levels.