Capital Small Finance Bank Limited (CAPITALSFB) Stock - Complete Technical Analysis - Sep 02, 2024

Capital Small Finance Bank (CAPITALSFB) Stock Analysis: Key Support

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. Capital Small Finance Bank Limited (CAPITALSFB) is currently trading at 292.65, sitting 37.60% below its 52-week high of 469, which was reached on February 15, 2024. It is also 1.07% above its 52-week low of 289.55, recorded on the same date. The technical indicators present a mixed view of the stock's performance. The Average Directional Index (ADX) suggests a strong trend, while the Relative Strength Index (RSI) indicates the stock is in the oversold territory, hinting at potential buying opportunities. The Stochastic %K and the Stochastic RSI are also showing oversold conditions, aligning with the RSI's signal.

The MACD is negative, reflecting bearish momentum, and the Momentum indicator is declining, which reinforces the bearish outlook. The Commodity Channel Index (CCI) is deeply negative, pointing to a strong downtrend. The Awesome Oscillator and Williams Percent Range also confirm this bearish sentiment.

Regarding moving averages, the stock is trading below all major Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), which are potential resistance levels. Specifically, the stock faces resistance around the EMA of 10, 20, and 30, which align closely with the Classic and Fibonacci Pivot Points. Support levels are indicated around the Camarilla and Classic Pivot S1, with further support levels at the 52-week low.

The pattern for the current day is a Spinning Top, suggesting market indecision. The Average True Range (ATR) indicates moderate volatility, with recent fluctuations suggesting that traders should watch for significant price movements in either direction.

Overall, the stock is exhibiting bearish tendencies, but the oversold indicators suggest it may be poised for a rebound. Traders should monitor key support and resistance levels closely to make informed decisions.