Peninsula Land Limited (PENINLAND) Stock - Complete Technical Analysis - Sep 02, 2024

Peninsula Land 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. Welcome to the technical analysis of Peninsula Land Limited (PENINLAND). Currently, the stock is trading at 57.1, which is about 27.06% below its 52-week high of 78.23 and 102.70% above its 52-week low of 28.15.

Looking at the technical indicators, the Average Directional Index (ADX) is low, indicating a weak trend. The RSI is in the neutral zone, suggesting the stock might be consolidating. The Stochastic %K and Stochastic RSI are also neutral, showing neither overbought nor oversold conditions.

The MACD is below the signal line, suggesting bearish momentum. The Awesome Oscillator and Bull Bear Power also reflect a bearish sentiment. The Williams Percent Range is in the oversold territory, indicating potential for a price reversal.

Moving averages provide mixed signals. The shorter-term EMAs are below the current price, while the longer-term EMAs and SMAs are above, suggesting resistance around those levels. Specifically, the 10-day EMA is at 59.21, and the 50-day SMA is at 64.93.

Pivot points suggest immediate support around 51.08 (Classic S1) and resistance around 66.52 (Classic R1). The Fibonacci pivot levels provide similar support at 53.33 and resistance at 65.13. The Camarilla pivots are more closely aligned, with immediate support at 56.95 and resistance at 59.79.

The Hull Moving Average and Volume Weighted Moving Average are both below the current price, indicating the stock might face resistance near these levels.

Overall, the stock shows a bearish trend with potential for reversal if it reaches oversold levels. Traders should watch for key support around 51.08 and resistance around 66.52. Adjust strategies based on these technical indicators and pivot points for better trading decisions.