Fairchem Organics Limited (FAIRCHEMOR) Stock - Complete Technical Analysis - Sep 02, 2024

Fairchem Organics 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. Fairchem Organics Limited's current price stands at 1312.60, trading 15.48% below its 52-week high of 1553.00, and 28.71% above its 52-week low of 1019.85. The stock's recent performance indicates it's operating within a significant range. Analyzing key technical indicators, the Average Directional Index (ADX) shows a weak trend, suggesting a low momentum phase. The Relative Strength Index (RSI) is in the lower range, indicating potential undervaluation or bearish conditions. The Stochastic %K and Stochastic RSI both point towards oversold conditions, which might signal a potential rebound.

MACD is negative, indicating bearish momentum, while the Commodity Channel Index (CCI) and Williams Percent Range also suggest weak buying pressure. The Awesome Oscillator and Bull Bear Power are in the negative, further supporting the bearish sentiment.

On the moving averages front, the stock is trading below several key moving averages. The Exponential Moving Average (EMA) and Simple Moving Average (SMA) across various periods indicate a prevailing downtrend. The Ichimoku Base Line and Volume Weighted Moving Average also support this trend.

Support levels are seen around the Classic Pivot S1 at 1245.67 and Camarilla Pivot S1 at 1303.71, while resistance levels can be found near Classic Pivot R1 at 1429.92 and Fibonacci Pivot R1 at 1425.37. The Average True Range (ATR) indicates heightened volatility, suggesting caution. The stock is currently positioned within a critical range that traders should monitor for potential breakout or breakdown signals.