Quick Heal Technologies Limited (QUICKHEAL) Stock - Complete Technical Analysis - Sep 30, 2024

Quick Heal Technologies Limited: Technical Analysis & Trading 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. Quick Heal Technologies Limited, currently trading at 662, exhibits a complex technical landscape. With a P/E ratio of 86.6 and a book value of 81.6, the stock reflects overvaluation concerns, given its low ROCE of 5.58% and ROE of 5.20%. The stock is 12.77% below its 52-week high of 759, indicating potential resistance around this level, while 179.37% above its 52-week low of 237 suggests strong support around that range.

Technical indicators present a mixed picture; the MACD is slightly positive, indicating potential upward momentum, while the RSI, sitting at 50.87, shows a neutral stance. The Stochastic oscillator indicates the stock may be oversold, which could suggest a bounce-back opportunity. The Average Directional Index (ADX) at 25.67 reflects a moderately strong trend but lacks decisive direction.

Moving averages reveal that the 10-day EMA is just below the current price, suggesting a short-term bullish outlook, while the 50-day and 200-day SMAs are significantly lower, indicating longer-term bearish sentiment. Additionally, the Classic Pivot indicates a pivotal level around 660, acting as immediate support. Watch for price action around this level, as a sustained breakout above 692.05 (Ichimoku Base Line) could provide bullish confirmation, while a drop below 580 might signal deeper bearish trends.

In summary, Quick Heal Technologies Limited appears to be at a critical juncture. Traders should monitor key resistance at 759 and support around 580, while leveraging technical indicators for entry and exit points.