Hathway Cable & Datacom Limited (HATHWAY) Stock - Complete Technical Analysis - Sep 27, 2024

Unlocking HATHWAY Cable's Stock Potential: Key Levels to Watch Technical Analysis

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. Hathway Cable & Datacom Limited (HATHWAY) is currently trading at 20.5, reflecting a position 26.58% below its 52-week high of 27.95, reached on February 6, 2024. The stock has a P/E ratio of 43.4 and a book value of 26.1, which indicates that it is relatively expensive based on earnings. The lack of dividend yield at 0.00% suggests that the company is reinvesting profits rather than returning cash to shareholders.

Technical indicators reveal mixed sentiments. The Average Directional Index (ADX) is at 10.92, indicating a weak trend, while the RSI at 42.45 suggests the stock is nearing oversold territory, providing a potential buy signal. Stochastic readings also support this notion, with %K at 18.02, highlighting a lack of upward momentum.

On the moving averages front, the Exponential Moving Averages (EMA) for 10, 20, and 30 days hover just above the current price, which could act as resistance. The 50-day and 100-day EMAs at 21.35 and 21.59 indicate significant resistance levels. Key support can be identified at 19.73 based on the classic pivot points, and the Fibonacci levels indicate a support range near 19.74. The inside candle pattern found on September 19 suggests a consolidation phase, with the parent high of 21.25 and a low of 20.2, giving traders insight into potential breakouts.

The overall analysis reveals that HATHWAY is currently consolidating, and traders should watch for potential movements around these resistance and support levels. A break above 21.25 could trigger a rally, while a drop below 19.73 may signal further declines.