Apeejay Surrendra Park Hotels Limited (PARKHOTELS) Stock - Complete Technical Analysis - Sep 27, 2024

Apeejay Surrendra Park Hotels Stock: Will It Break Resistance Key Levels to Watch

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. Apeejay Surrendra Park Hotels Limited (PARKHOTELS) is currently trading at 172, around 27% below its 52-week high, signaling potential recovery opportunities. However, the stock's momentum is weak, with the MACD indicating a bearish crossover, while RSI hovers around 48, suggesting the stock is neither oversold nor overbought. The ADX at 14.85 reveals a lack of strong trend, making it a more range-bound stock. Several moving averages, such as the 20-day and 50-day EMAs, are positioned above the current price, signaling resistance around 172-176 levels, which the stock will need to break through for any meaningful upward movement. On the downside, support levels are found near the 167-169 range, aligned with key pivot points. Stochastic readings show the stock is in a slightly oversold condition, implying potential for a short-term bounce. Momentum and Awesome Oscillator both indicate weakness, so any reversal will require strong volume and bullish signals. With no dividend yield and modest ROE of 7.57%, long-term investors might seek better returns elsewhere, but traders can watch for a breakout above 176 for bullish confirmation or a dip to 167 for support testing.