ISMT Limited (ISMTLTD) Stock - Complete Technical Analysis - Aug 30, 2024

ISMT Limited Technical Analysis: Bearish 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. Welcome to today's technical analysis of ISMT Limited. The stock is currently trading at 120, with notable technical indicators pointing towards some interesting trends.

Support and Resistance Levels:

Support Levels: The immediate support is around the Classic Pivot S1 at 120.1, followed by Fibonacci Pivot S1 at 126.13 and Camarilla Pivot S2 at 128.71. Additional support can be seen at the Woodie Pivot S1 at 117.36.

Resistance Levels: On the upside, the key resistance levels are the Classic Pivot R1 at 153.79 and the Fibonacci Pivot R1 at 151.87. Further resistance can be found at the Woodie Pivot R1 at 151.04.

Technical Indicators:

MACD: Currently, the MACD is negative, indicating bearish momentum.

RSI: The Relative Strength Index is at a low level, suggesting that the stock is oversold.

Stochastic: The Stochastic %K is also in the oversold zone, highlighting potential for a reversal.

Commodity Channel Index: This is in the negative range, which may indicate a continuation of the downtrend.

Average Directional Index (ADX): The ADX is showing a weakening trend, suggesting that the current trend might be losing strength.

Moving Averages:

The stock is trading below most of its moving averages, with the 10-day and 20-day EMAs and SMAs above the current price, indicating bearish sentiment. The longer-term moving averages are also higher, which could mean a longer-term downtrend.

Pivot Points:

Classic Pivot: The Classic Pivot point is at 139.0. The stock is trading below this pivot, indicating a bearish trend.

Fibonacci Pivot: The Fibonacci Pivot point is also at 139.0, reinforcing the current bearish outlook.

Chart Patterns and Observations:

Ichimoku Base Line: The stock is trading below the Ichimoku Base Line, which typically signals a bearish trend.

Hull Moving Average: The Hull Moving Average is above the current price, further suggesting bearish momentum.

Volatility:

The Average True Range (ATR) indicates increased volatility in recent periods. This could lead to substantial price swings, so be cautious with your trading decisions.

Overall, ISMT Limited is currently exhibiting bearish trends with significant resistance levels overhead and support levels that may offer some protection against further declines. Traders should watch for potential reversal signals or a break below the key support levels for further insights into future movements.