Servotech Power Systems Limited (SERVOTECH) Stock - Complete Technical Analysis - Sep 02, 2024

Servotech Power Systems Stock Analysis Key Levels, Indicators

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.

Servotech Power Systems Limited (SERVOTECH) stock is currently trading at 142, showing a robust performance with notable technical indicators.

Support and Resistance Levels:

Support Levels: The primary support levels are at 119.97, 97.46, and 58.11 based on Classic Pivot points. These levels are reinforced by Camarilla Pivot S1 at 138.87, Fibonacci Pivot S1 at 121.78, and Woodie Pivot S1 at 123.83.

Resistance Levels: The key resistance levels are at 159.32, 176.16, and 215.51 based on Classic Pivot points. Additional resistance is seen at Camarilla Pivot R1 at 146.09, Fibonacci Pivot R1 at 151.84, and Woodie Pivot R1 at 163.17.

Technical Indicators:

MACD: The MACD is currently positive, indicating a bullish trend.

RSI: The Relative Strength Index (RSI) is in the neutral to slightly overbought zone, suggesting that the stock is neither oversold nor overbought.

ADX: The Average Directional Index (ADX) is strong, indicating a strong trend, but be cautious as it could also signal overbought conditions.

Stochastic Oscillator: The Stochastic %K is above 50, supporting a continuation of the bullish trend.

CCI and Williams %R: The Commodity Channel Index (CCI) is positive, while the Williams Percent Range is in the negative, suggesting mixed momentum signals.

Moving Averages:

Short-Term: The stock is currently trading above the short-term Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), suggesting a bullish trend.

Long-Term: The stock is also above the longer-term EMAs and SMAs, supporting the overall bullish trend. The stock's current price is above the 200-day EMA and SMA, indicating long-term strength.

Pivot Points:

Classic Pivot: The stock is trading just below the Classic Pivot Point, which is 136.81. This level acts as a psychological barrier and could influence the price direction.

Fibonacci Pivot: The Fibonacci Pivot Point is also close to 136.81, adding additional support at this level.

Woodie Pivot: The Woodie Pivot is slightly higher at 138.74, providing additional resistance.

Volatility:

ATR: The Average True Range (ATR) indicates moderate volatility, with recent readings showing fluctuations around 2.61 to 13.56. This implies that the stock could experience significant price movements.

Overall, SERVOTECH is showing a bullish trend with strong support and resistance levels to watch. Traders should keep an eye on the technical indicators for potential trend changes and manage their positions accordingly.