Southern Petrochemicals Industries Corporation Limited (SPIC) Stock - Complete Technical Analysis - Sep 02, 2024

SPIC 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.

Let's dive into the technical analysis for Southern Petrochemicals Industries Corporation Limited, or SPIC. Currently, SPIC is trading at 88.9, which is approximately 17.34% below its 52-week high of 107.5 and 39.72% above its 52-week low of 63.6.

Support and Resistance Levels:

Classic Pivot Point: 86.25

Resistance Levels: R1 at 96.74, R2 at 105.7, R3 at 125.15

Support Levels: S1 at 77.29, S2 at 66.8, S3 at 47.35

Camarilla Pivot Point: 86.25

Camarilla Resistance Levels: R1 at 89.57, R2 at 91.36, R3 at 93.14

Camarilla Support Levels: S1 at 86.01, S2 at 84.22, S3 at 82.44

Fibonacci Pivot Point: 86.25

Fibonacci Resistance Levels: R1 at 93.68, R2 at 98.27, R3 at 105.7

Fibonacci Support Levels: S1 at 78.82, S2 at 74.23, S3 at 66.8

Woodie Pivot Point: 86.72

Woodie Resistance Levels: R1 at 97.69, R2 at 106.17, R3 at 117.14

Woodie Support Levels: S1 at 78.25, S2 at 67.27, S3 at 58.8

Moving Averages and Trend Indicators:

Exponential Moving Averages (EMA):

10-day EMA: 88.73

20-day EMA: 87.69

30-day EMA: 86.78

50-day EMA: 85.35

100-day EMA: 83.25

200-day EMA: 80.38

Simple Moving Averages (SMA):

10-day SMA: 89.92

20-day SMA: 86.54

30-day SMA: 85.97

50-day SMA: 85.73

100-day SMA: 81.61

200-day SMA: 81.13

Ichimoku Base Line: 85.47

Volume Weighted Moving Average (VWMA): 87.96

Hull Moving Average (HMA): 87.37

Technical Indicators:

MACD: The MACD line is above the signal line, suggesting a bullish trend.

RSI: The Relative Strength Index is in the neutral zone, indicating neither overbought nor oversold conditions.

Stochastic %K: The %K line is in the mid-range, reflecting neutral momentum.

Stochastic RSI Fast: The Stochastic RSI is in the lower range, suggesting potential oversold conditions.

Commodity Channel Index (CCI): The CCI is positive, signaling a potential uptrend.

Awesome Oscillator: The Awesome Oscillator is positive, confirming bullish momentum.

Williams Percent Range (WPR): The WPR indicates the stock is in a neutral range.

Bull Bear Power: Positive, indicating bullish strength.

Ultimate Oscillator: In the lower range, reflecting weaker momentum.

Price Volatility:

Average True Range (ATR): The ATR values have been fluctuating between 15.16 and 21.84, indicating moderate to high volatility.

Summary: SPIC is currently in a consolidative phase, trading above key support levels but below major resistance levels. The technical indicators show mixed signals with a bullish bias in the short term but potential for volatility. Traders should watch the support levels around 77.29 and 66.8, and resistance around 96.74 and 105.7 for potential trading opportunities.