Chalet Hotels Limited (CHALET) Stock - Complete Technical Analysis - Sep 19, 2024

Chalet Hotels Stock Analysis: Key Support, Resistance & Trend Strength September 2024 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. Chalet Hotels Limited (CHALET) is currently trading at 874, which is 8% below its 52-week high of 958 and 64.71% above its 52-week low of 535.

The technical setup for CHALET presents a mixed picture. The RSI is in the neutral zone, indicating that the stock is neither overbought nor oversold. The MACD shows a positive momentum, but the strong ADX suggests that the current trend is quite strong. The Stochastic is showing a higher reading, but the Stochastic RSI is relatively low, suggesting a potential upcoming pullback. The Awesome Oscillator and Commodity Channel Index are both indicating bullish conditions, which is a positive sign.

Support levels are likely to be around the 843 and 827 marks, while resistance is expected near 903 and 919. The stock's position relative to its moving averages shows that it is trading above short-term averages but below longer-term averages, signaling potential resistance around current levels.

In summary, CHALET exhibits a strong trend with some mixed indicators. Traders should watch key support and resistance levels closely to gauge potential price movements.