Hercules Hoists Limited (HERCULES) Stock - Complete Technical Analysis - Aug 30, 2024

Hercules Hoists Technical 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 Hercules Hoists Limited (HERCULES)

As of the latest data, Hercules Hoists Limited (HERCULES) is trading at 579, which is approximately 11.79% below its 52-week high of 656 and 102.40% above its 52-week low of 286.

Support and Resistance Levels:

Immediate Support: The immediate support level is around 569.3, derived from Classic Pivot S1, and further support can be found at 550.39 based on Fibonacci Pivot S2.

Immediate Resistance: The immediate resistance level is at 612.65 from the Classic Pivot P, with further resistance at 635.94 as per Camarilla Pivot R1 and 651.14 from Fibonacci Pivot R1.

Moving Averages:

Short-Term MA: The stock is currently trading below the 10-day EMA and SMA, indicating a bearish short-term trend.

Medium-Term MA: Both the 20-day EMA and SMA are above the current price, suggesting resistance around these levels.

Long-Term MA: The 200-day EMA and SMA are significantly lower than the current price, showing strong long-term support.

Technical Indicators:

MACD: The MACD line is below the signal line, indicating bearish momentum.

RSI: The RSI is at 43.35, suggesting that the stock is neither overbought nor oversold but leaning towards a bearish sentiment.

ADX: The ADX is at 17.04, indicating a weak trend with potential for a change in direction.

Stochastic Oscillator: The Stochastic %K and Stochastic RSI are in oversold territory, which may suggest a potential rebound if buying interest increases.

Williams %R and CCI: Both indicators are in oversold zones, further suggesting a possible price correction or consolidation.

Chart Patterns:

The stock shows potential support around the Hull Moving Average of 580.05, and resistance can be observed around the Ichimoku Base Line of 602.7.

Pivot Points:

Classic Pivot Points: Resistance levels at 670.05 (R1) and 713.4 (R2), with support at 569.3 (S1) and 511.9 (S2).

Camarilla Pivot Points: Resistance at 635.94 (R1) and 645.17 (R2), with support at 617.46 (S1) and 608.23 (S2).

Fibonacci Pivot Points: Resistance at 651.14 (R1) and 674.91 (R2), with support at 574.16 (S1) and 550.39 (S2).

Woodie Pivot Points: Resistance at 677.08 (R1) and 716.91 (R2), with support at 576.33 (S1) and 515.41 (S2).

Volatility:

The Average True Range (ATR) is fluctuating around 20-28, indicating moderate to high volatility in the stock's price movements.

In summary, Hercules Hoists Limited is currently experiencing a bearish trend with potential support around 569.3 and resistance near 612.65. The indicators suggest caution as the stock is in a weak trend phase but may see a rebound if buying pressure increases.