TIL Limited (TIL) Stock - Complete Technical Analysis - Oct 03, 2024

TIL Limited Technical Analysis: Is a Price Rebound on the Horizon

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.

Analyzing TIL Limited (TIL) stock reveals a current price of 314, reflecting significant fluctuations over the past year. The stock has experienced a substantial recovery, currently trading 415.14% above its 52-week low of 74.31. However, it remains 12.03% below its 52-week high of 435.15 reached on August 29, 2024. The Average Directional Index (ADX) indicates a weak trend, suggesting indecision in the market. The Relative Strength Index (RSI) is at 33.47, indicating the stock is nearing oversold territory, which could signal a potential reversal. Stochastic indicators also show that TIL is oversold, with the Stochastic %K at 12.5.

Technical analysis using moving averages indicates that the stock is trading below the Exponential Moving Averages (EMAs) across multiple periods, notably below the 10, 20, and 50-day EMAs, which are around 338.85, 350.52, and 350.59, respectively. This downward pressure suggests a bearish sentiment among traders.

The Classic Pivot Point is at 357.15, with the immediate support level observed around 304.3. Should the stock break below this support, further downside potential exists towards the next support level at 269.05. Conversely, resistance is found at 392.4, which will be crucial for upward momentum.

Over the last five trading sessions, TIL has seen some volatility, particularly noted in the movement from a close of 138.80 to 145.00, showcasing a potential surge. However, the overall trend appears bearish with recent highs failing to establish new support. Monitoring for any sudden price drops or surges will be essential for short-term traders, especially considering the stock's recent struggle to maintain higher levels.

In summary, traders should remain cautious, focusing on the key support and resistance levels while being vigilant of the oversold conditions that may lead to a price rebound.