Capri Global Capital Limited (CGCL) Stock - Complete Technical Analysis - Sep 27, 2024

Capri Global Capital Stock Analysis: Technical Insights and Market Trends

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 this analysis of Capri Global Capital Limited, we see the stock currently trading at 206. This price represents a significant 28.75% decline from its 52-week high of 289.25, reached on March 5, 2024, and a moderate gain of 12.60% above its 52-week low of 183.03, which occurred on October 25, 2023.

The stock's P/E ratio stands at 78.2, indicating that it may be relatively overvalued compared to its earnings. However, the book value of 43.2 and a low dividend yield of 0.07% suggest cautious investment sentiment. The return on capital employed (ROCE) is at 9.07%, while the return on equity (ROE) is at 5.71%, which are modest indicators of financial efficiency.

From a technical standpoint, the Average Directional Index (ADX) is at 14.87, indicating a weak trend. The Relative Strength Index (RSI) is at 41.96, suggesting the stock is nearing oversold territory. Stochastic readings show the %K at 15.6, confirming a bearish momentum. The MACD level is negative, which further supports a bearish outlook.

In terms of support and resistance levels, the stock may find support around the 200 mark, as indicated by various moving averages and pivot levels. Resistance is likely to be found near the 211 to 213 range, where several indicators, including moving averages and Fibonacci retracements, converge. Traders should closely monitor these levels for potential entry or exit points. With volatility reflected in the Average True Range (ATR), caution is advised, and prudent risk management should be a priority as we navigate the current market dynamics surrounding Capri Global Capital Limited.