GTPL Hathway Limited (GTPL) Stock - Complete Technical Analysis - Aug 30, 2024

GTPL Hathway Stock 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 GTPL Hathway Limited (GTPL) stock.

Current Price: 166

Resistance Levels:

R1: 180.42

R2: 193.51

R3: 216.70

Support Levels:

S1: 157.23

S2: 147.13

S3: 123.94

Pivot Points:

Classic Pivot: 170.32

Camarilla Pivot: 170.32

Fibonacci Pivot: 170.32

Woodie Pivot: 170.22

Moving Averages:

Exponential Moving Averages: The stock is currently trading slightly below the 10-day EMA at 165.63 and above the 20-day EMA at 164.92. It's also below the 50-day EMA of 166.75.

Simple Moving Averages: The stock is positioned just above the 10-day SMA of 166.03 and below the 50-day SMA of 167.86.

Technical Indicators:

MACD: The MACD line is above the signal line, indicating a bullish trend.

RSI: The RSI is at 50.73, showing a neutral stance but leaning towards potential bullish momentum.

ADX: The ADX is at 15.35, indicating a weak trend with no strong directional movement.

Stochastic RSI: The Stochastic RSI is at 74.12, suggesting the stock is in overbought territory, which could signal a potential pullback.

CCI: The Commodity Channel Index is at 62.35, indicating a strong bullish trend.

Awesome Oscillator: At 2.82, this shows bullish momentum.

Williams Percent Range: At -43.82, it supports the overbought condition.

Bull Bear Power: The Bull Bear Power at 3.49 indicates strong bullish strength.

Ultimate Oscillator: With a reading of 40.73, this shows a moderate bearish bias.

Volume Weighted Moving Average: At 164.27, it provides a support level near the current price.

Chart Patterns:

Pivot Analysis: The price is currently near the Camarilla and Fibonacci pivot points, suggesting a critical juncture. If it moves above 170.32, it could test the resistance levels. Conversely, a drop below 157.23 could push it towards the next support levels.

Volatility:

Average True Range (ATR): The ATR is relatively high, indicating increased volatility. Recent values show fluctuations with a recent high of 87.44, suggesting that the stock has been experiencing significant price swings.

Summary: GTPL Hathway Limited's stock is at a pivotal level with current price action hovering around key support and resistance levels. The technical indicators present a mixed view: while the MACD and Bull Bear Power indicate bullish momentum, the Stochastic RSI and RSI show overbought conditions. With the ADX reflecting a weak trend, the stock might see consolidation or a potential pullback if it does not break through the resistance levels. Traders should watch for price action around these pivots and key moving averages to make informed decisions.