Goldiam International Limited (GOLDIAM) Stock - Complete Technical Analysis - Aug 30, 2024

Goldiam International Stock Analysis: Bullish Trend or Upcoming Pullback 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.

Goldiam International Limited (GOLDIAM) stock is currently trading at 322. Here's a comprehensive technical analysis:

Support and Resistance Levels:

Support Levels:

Classic Pivot Support 1: 166.72

Camarilla Pivot Support 1: 185.07

Fibonacci Pivot Support 1: 167.69

Woodie Pivot Support 1: 170.86

Resistance Levels:

Classic Pivot Resistance 1: 203.42

Camarilla Pivot Resistance 1: 191.79

Fibonacci Pivot Resistance 1: 195.73

Woodie Pivot Resistance 1: 207.56

Technical Indicators:

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

RSI: The Relative Strength Index is in the overbought zone, suggesting a potential pullback.

Stochastic Oscillator: The %K line is above 80, showing that the stock may be overbought.

Stochastic RSI: The Stochastic RSI is high, supporting the overbought condition.

ADX: The Average Directional Index is very high, indicating a strong trend.

CCI: The Commodity Channel Index is high, reflecting strong bullish conditions.

Awesome Oscillator: This oscillator is positive, indicating bullish momentum.

Williams Percent Range: This is in the overbought zone, suggesting potential weakness.

Bull/Bear Power: Positive, indicating strong buying pressure.

Ultimate Oscillator: Above 50, indicating a strong uptrend.

ATR: The Average True Range is increasing, suggesting higher volatility.

Moving Averages:

Short-term Moving Averages: Both the Exponential Moving Average (EMA) and Simple Moving Average (SMA) for 10 days are below the current price, indicating a bullish trend.

Long-term Moving Averages: The EMA and SMA for longer periods are below the current price, supporting the bullish trend.

Chart Patterns:

Doji: Indicates indecision in the market. The recent Doji pattern suggests a potential reversal or consolidation.

Spinning Top: The Spinning Top pattern also indicates market indecision and potential for a trend reversal or consolidation.

Observations: The stock is trading 9.06% below its 52-week high of 354 and 167.73% above its 52-week low of 120.94. The high ATR values suggest increased volatility.

Overall, GOLDIAM is in a strong uptrend but is currently in an overbought condition. Traders should watch for potential pullbacks or consolidations around the key support levels and be cautious of the high volatility.