E2E Networks Limited (E2E) Stock - Complete Technical Analysis - Sep 02, 2024

E2E Networks Stock Analysis: Technical Insights

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. Analyzing the technical aspects of E2E Networks Limited, we see the stock currently trading at 2430, which is approximately 8.57% below its 52-week high of 2657.85. It is notably 656.54% above its 52-week low of 321.2.

Starting with support and resistance levels, the Classic Pivot Point is at 2225.45, with resistance levels at 2881.45, 3313.85, and 4402.25, and support levels at 1793.05, 1137.05, and 48.65. Camarilla pivot points are similar, with a central pivot at 2225.45 and resistance levels at 2548.82, 2648.59, and 2748.36, while supports are at 2349.28, 2249.51, and 2149.74. The Fibonacci pivot points also align with a central pivot of 2225.45, resistance at 2641.22, 2898.08, and 3313.85, and supports at 1809.68, 1552.82, and 1137.05. Woodie pivots place the central point at 2286.33 with resistance levels at 3003.2, 3374.73, and 4091.6, and supports at 1914.8, 1197.92, and 826.4.

Examining moving averages, the stock is trading above its 10-day (2441.8), 20-day (2125.87), 30-day (1998.29), 50-day (1869.36), 100-day (1555.82), and 200-day (1173.81) simple moving averages. The exponential moving averages also show a positive trend, with the 10-day at 2359.52 and the 200-day at 1284.82.

Indicators reveal a bullish sentiment: the MACD is positive, the RSI is above 60, and the Awesome Oscillator is strong. The ADX shows a trend, while the Stochastic %K indicates potential overbought conditions. The Average True Range suggests moderate volatility, indicating that the stock has experienced fluctuations but remains within a manageable range.

Overall, the stock is in a strong uptrend with significant support levels and positive technical indicators, suggesting that it might continue to perform well in the near future.