Motisons Jewellers Limited (MOTISONS) Stock - Complete Technical Analysis - Sep 02, 2024

Motisons Jewellers Stock Analysis Key Levels, Momentum

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.

Motisons Jewellers Limited (MOTISONS) is currently trading at 185.70, which is 25.17% below its 52-week high of 248.15, recorded on January 15, 2024. The stock has shown impressive recovery from its 52-week low of 88.85, also recorded in January 2024, marking a 109.00% increase. From a technical perspective, the Average Directional Index (ADX) indicates moderate trend strength. The RSI shows the stock is neither overbought nor oversold, suggesting room for movement. The MACD is currently above the signal line, signaling potential bullish momentum.

Short-term moving averages, such as the Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), show that the stock is trending above key levels, especially the 10, 20, and 30-day EMAs. This signals potential short-term support near the 173181 range. The Awesome Oscillator shows positive momentum, and the Bull Bear Power indicator supports a bullish sentiment. However, the Williams Percent Range shows a slightly overbought condition, implying caution.

In terms of support and resistance levels, the Fibonacci and Classic Pivot calculations show significant resistance at the 199223 range, while the stock has key support levels around 145169. If the stock breaks above the immediate resistance levels, it could test higher levels around 223.68. On the downside, traders should watch for support around 145, which aligns with key pivot points.

Indicators such as Stochastic %K and the Ultimate Oscillator suggest a neutral stance with no clear overbought or oversold signals, but a close eye on momentum is needed. The Average True Range (ATR) indicates a moderate level of volatility, so expect gradual price movements.

Overall, the stock shows positive momentum with room for further gains, though traders should watch for potential resistance around 199223.