Shalby Limited (SHALBY) Stock - Complete Technical Analysis - Aug 30, 2024

Shalby Limited Stock Analysis Technical Indicators

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. Shalby Limited (SHALBY) is currently trading at 272. The stock's price is 19.94% below its 52-week high of 339.5 and 29.21% above its 52-week low of 210.35. For technical indicators, the Average Directional Index (ADX) at 12.88 suggests a weak trend strength. The Relative Strength Index (RSI) is at 48.73, indicating the stock is neither overbought nor oversold. The Stochastic %K is at 72.61, hinting at potential overbought conditions. The MACD level is negative, which can be a bearish signal, while the Awesome Oscillator is also negative, suggesting a bearish trend.

Support levels are identified around the Classic Pivot S1 at 258.47 and the Camarilla S2 at 272.24. Resistance levels are near Classic Pivot R1 at 316.07 and the Fibonacci Pivot R1 at 313.74. The Exponential Moving Averages (EMA) are showing the stock trading slightly below the 10-day EMA at 271.76 and the 20-day EMA at 272.16, indicating possible near-term resistance. The 50-day EMA and above, such as the 200-day EMA, indicate longer-term support.

Chart patterns show a Doji candlestick, indicating indecision in the market, and today's candle is a Spinning Top, reinforcing the lack of clear direction. The ATR values suggest moderate volatility, with recent ranges reflecting an average volatility trend. For traders, monitoring these support and resistance levels, along with the indicators' trends, will be crucial in making informed decisions on Shalby Limited.