GPT Healthcare Limited (GPTHEALTH) Stock - Complete Technical Analysis - Sep 02, 2024

GPT Healthcare Limited 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. GPT Healthcare Limited, currently trading at 186, is showing a mixed technical outlook. Support levels are identified around 168.5, 149.6, and 110.8, while resistance levels are seen at 207.4, 227.3, and 266.2. The stock's price is currently below its 52-week high of 219.9 by 15.3% and above its 52-week low of 128.7 by 44.8%.

Technical indicators show a neutral to bullish trend. The Average Directional Index (ADX) suggests a strong trend, while the Relative Strength Index (RSI) indicates the stock is in a neutral range, neither overbought nor oversold. The Stochastic %K and Stochastic RSI are also in neutral zones, suggesting no immediate overbought or oversold conditions.

The MACD line is above the signal line, hinting at potential bullish momentum, though Momentum is currently negative, which could signal weakening strength. The Commodity Channel Index (CCI) is in the neutral range, while the Awesome Oscillator and Williams Percent Range (WPR) suggest a slight bullish sentiment.

The stock is trading above its short-term moving averages (MA), including the 10-day and 20-day, but below the longer-term 50-day and 100-day MAs, which may indicate a correction or consolidation phase. The Ichimoku Base Line and Volume Weighted Moving Average are both supportive of the current price level, indicating some stability.

Pivot points suggest immediate support around the Camarilla S1 level of 183.8, with resistance at the Camarilla R1 level of 190.9. Fibonacci pivots also support this range, with immediate support at 173.6 and resistance at 203.3.

In summary, GPT Healthcare Limited is currently in a consolidation phase with mixed signals. Traders should watch for a breakout above 190.9 for potential bullish moves or a drop below 183.8 for bearish trends.