Arham Technologies Limited (ARHAM) Stock - Complete Technical Analysis - Sep 23, 2024

Arham Technologies Technical Analysis: Key Insights & Price Levels ARHAM Overview

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.

In todays analysis, well focus on Arham Technologies Limited (ARHAM), which is currently trading at approximately 154. This price reflects a substantial 27.87% decline from its recent 52-week high of 188, reached in early May, while it shows an impressive increase of over 459% from its 52-week low of 24.25.

The Relative Strength Index is positioned in a neutral zone, indicating that the stock is neither overbought nor oversold, suggesting potential for both upward and downward movement. The MACD indicates a positive momentum, while the Awesome Oscillator reflects strong buying interest, signaling possible bullish trends in the near future.

Support levels can be identified around 140 and 135, which may provide opportunities for buyers if the price dips. Conversely, resistance is likely at 160 and 170, where selling pressure might emerge. The Average Directional Index suggests a trend is forming, but the strength of that trend remains moderate, which means traders should remain vigilant.

Overall, with a strong ROE and ROCE, Arham Technologies shows promise for growth, but careful monitoring of price movements and market sentiment is advised.