HT Media Limited (HTMEDIA) Stock - Complete Technical Analysis - Oct 04, 2024

HT Media Limited Technical Analysis Support, Resistance & Price Trends NSE Stocks

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. HT Media Limited (HTMEDIA) is currently trading at 24.64, exhibiting a notable decline of 33.22% from its 52-week high of 36.9 and a modest increase of 10.25% from its 52-week low of 22.35. The recent price action reveals significant volatility, with a strong resistance level identified around 25.3, coinciding with various exponential and simple moving averages that indicate potential price pressures. The stock's last trading session opened at 25.16, with a high of 25.45 and a low of 24.32, suggesting an intraday range that shows some fluctuation but still maintaining a close near the lower end of this range.

Technical indicators such as the MACD, currently near the zero line, signal a neutral trend, while the RSI hovering around 47.74 suggests that the stock is neither overbought nor oversold, maintaining a balanced position. The ADX value of 14.7 indicates a weak trend, which is reinforced by the Awesome Oscillator reading of 0.44, indicating potential bullish momentum but without strong conviction. The price movements over the last five days reveal gaps, particularly on October 1, when the stock surged to a high of 28.30 but closed significantly lower at 26.51, reflecting a potential reversal in the trend.

Furthermore, the Stochastic RSI shows overbought conditions, hinting at a possible corrective pullback, while the volatility indicated by the ATR suggests traders should be cautious and prepared for sudden price movements. In conclusion, while HTMEDIA has shown some signs of recovery, traders should keep an eye on the resistance levels around 25.3 and the support near 24.32 to gauge the stock's short-term direction.