The Great Eastern Shipping Company Limited (GESHIP) Stock - Complete Technical Analysis - Sep 19, 2024

Great Eastern Shipping Stock Analysis: Bearish Trends & Key Support/Resistance Levels September 2

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. The Great Eastern Shipping Company Limited (GESHIP) is currently trading at 1206.85, which is 21.82% below its 52-week high of 1543.7 and 65.89% above its 52-week low of 727.5.

The technical indicators reveal a bearish sentiment. The RSI is in the oversold territory, suggesting the stock might be undervalued. The Stochastic %K and Stochastic RSI are extremely low, further supporting this potential oversold condition. The MACD is negative, indicating a bearish trend. The Commodity Channel Index and Awesome Oscillator are also showing significant bearish signals, suggesting downward pressure.

The ADX is relatively low, indicating a weak trend, while the Bull Bear Power is negative, reinforcing the selling pressure. The Ultimate Oscillator shows some stability, but the overall technical setup suggests caution.

Key support levels are seen around 1200 and 1150, while resistance levels are near 1250 and 1300. Given the current indicators and market conditions, traders should be cautious around these levels and watch for any signs of reversal or consolidation.