Vertoz Advertising Limited (VERTOZ) Stock - Complete Technical Analysis - Sep 02, 2024

Vertoz Advertising Limited Technical Analysis - 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 delve into the technical analysis for Vertoz Advertising Limited (VERTOZ). The current price is at 32.6, and the stock has shown some notable technical characteristics.

Support and Resistance Levels:

Classic Pivot Point: 33.58

Resistance Levels: R1 at 35.86, R2 at 38.47, R3 at 43.36

Support Levels: S1 at 30.97, S2 at 28.69, S3 at 23.8

Camarilla Pivot Points: P at 33.58, R1 at 33.69, R2 at 34.14, R3 at 34.58, S1 at 32.79, S2 at 32.34, S3 at 31.9

Fibonacci Pivot Points: P at 33.58, R1 at 35.45, R2 at 36.61, R3 at 38.47, S1 at 31.72, S2 at 30.56, S3 at 28.69

Woodie Pivot Points: P at 33.87, R1 at 36.43, R2 at 38.76, R3 at 41.32, S1 at 31.53, S2 at 28.98, S3 at 26.64

Moving Averages:

Exponential Moving Averages (EMAs): The stock is below most EMAs, with the 10-day EMA at 33.41 and the 200-day EMA at 32.17.

Simple Moving Averages (SMAs): The current price is also below most SMAs, including the 10-day SMA at 33.39 and the 200-day SMA at 33.75.

Hull Moving Average (HMA): 33.62

Ichimoku Base Line: 34.11

Technical Indicators:

MACD: The MACD is below the signal line, indicating bearish momentum.

RSI: At 42.44, the RSI suggests the stock is neither overbought nor oversold, but closer to the oversold zone.

Stochastic %K: 48.57, which is in the middle of its range, showing neutral momentum.

Stochastic RSI: 49.2, indicating a neutral trend.

Commodity Channel Index (CCI): -61.27, indicating that the stock is trading below its average price.

Awesome Oscillator: -0.51, suggesting bearish momentum.

Williams Percent Range: -68.95, pointing to potential oversold conditions.

Bull Bear Power: -0.54, indicating bearish pressure.

Ultimate Oscillator: 38.16, suggesting that the stock might be in the lower end of its price range.

Chart Patterns and Observations:

The stock is trading 28% below its 52-week high of 45.25 and 161.06% above its 52-week low of 12.48.

The Average True Range (ATR) shows increased volatility recently, with significant price movements.

Overall, Vertoz Advertising Limited is experiencing bearish momentum with several technical indicators pointing towards potential selling pressure. The current price is below most moving averages and pivot points, indicating that resistance might be strong at higher levels. Traders should watch for potential support around the classic S1 and S2 levels and consider these levels as key points for their trading strategies.