Schneider Electric Infrastructure Limited (SCHNEIDER) Stock - Complete Technical Analysis - Sep 27, 2024

Unlocking Potential: Technical Analysis of Schneider Electric Infrastructure

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. Today, we dive into the technical analysis of Schneider Electric Infrastructure Limited, currently trading at 822.

First, let's talk about support and resistance levels. The stock has a strong resistance near the 884 mark, highlighted by the recent parent high. If the price can break through this level, it may indicate a bullish trend with the potential to target higher resistance levels. On the downside, support can be observed around the 800 mark, where significant buying interest may emerge.

Now, looking at the technical indicators, the RSI is hovering around 53, indicating that the stock is neither overbought nor oversold, suggesting a balanced momentum. The MACD shows a positive crossover, which is a bullish sign. However, the ADX at 14.3 indicates a weak trend, meaning volatility may remain subdued for now.

In terms of moving averages, the stock is trading above the 10 and 20 EMA, indicating short-term strength. The volume-weighted moving average is slightly above the current price, which may act as a potential resistance point. The Awesome Oscillator is positive, suggesting the momentum is on the buyers' side.

Interestingly, an inside candle pattern was identified on September 24, signaling potential consolidation and a waiting period for the next directional move. This pattern often precedes significant price action, making it a crucial observation for traders.

Lastly, the stock is significantly above its 52-week low, showcasing strong recovery and investor interest since hitting 300 last October. With ROCE at 38.5 and ROE at 96.6, the fundamentals remain solid, supporting the bullish outlook.

In conclusion, traders should watch the key levels of 800 for support and 884 for resistance. If the stock can maintain its position above 800, the bullish trend may continue, especially with the current momentum indicators suggesting a positive outlook.