Federal-Mogul Goetze (India) Limited. (FMGOETZE) Stock - Complete Technical Analysis - Aug 30, 2024

Federal-Mogul Goetze (FMGOETZE) Stock Analysis: Key Support, Resistance

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.

Technical Analysis of Federal-Mogul Goetze (India) Limited (FMGOETZE):

The stock of Federal-Mogul Goetze (India) Limited is currently trading at 437. Looking at the technical indicators, the MACD shows a positive momentum, indicating bullish sentiment, although it's worth noting that the levels are relatively moderate. The RSI is at 46.76, suggesting that the stock is neither overbought nor oversold but rather in a neutral zone.

The ADX is at 14.19, indicating a weak trend, and the Stochastic RSI is extremely low, pointing to potential oversold conditions. The Awesome Oscillator is positive, reflecting some bullish momentum, but the Williams Percent Range is highly negative, suggesting that the stock might have been in a strong downtrend recently.

The current price is trading below several moving averages. The Simple Moving Averages (SMA) across different periods are generally higher than the current price, with the 10-day SMA at 449.26 and the 50-day SMA at 439.05. This indicates potential resistance around these levels. On the other hand, the Exponential Moving Averages (EMA) are closer to the current price, with the 10-day EMA at 444.89 and the 50-day EMA at 434.56.

Support levels are found near the Classic Pivot S1 at 409.6 and Camarilla Pivot S2 at 432.58. Resistance levels are seen at the Classic Pivot R1 at 467.0 and the Woodie Pivot R1 at 472.7. The stock's recent performance has shown a Bullish Harami pattern, which could signal a potential reversal or consolidation, though confirmation would be needed.

The Average True Range (ATR) suggests volatility in the stock price, and the recent 52-week high at 489.0 indicates that the stock is currently trading 10.69% below this peak. It is also 39.51% above its 52-week low of 313.05, suggesting a recovery from lower levels.

In summary, the technical indicators reflect mixed signals with potential support around the 430-440 range and resistance near 450-470. The stock is showing signs of consolidation or a possible reversal, but the weak trend indicated by the ADX and low RSI suggest caution.