Page Industries Limited (PAGEIND) Stock - Complete Technical Analysis - Sep 04, 2024

Page Industries Limited (PAGEIND) Stock Technical Analysis: Key Levels

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.

Page Industries Limited (PAGEIND) is showing a mix of bullish and bearish signals in its technical indicators. The stock is currently trading above its significant moving averages, with the Exponential Moving Average (EMA) and Simple Moving Average (SMA) indicating a strong uptrend over longer periods. The EMA and SMA values for the 200-day and 100-day periods are particularly notable, suggesting a solid support base around these levels.

Support levels are found around the 200-day EMA and the Classic Pivot S1, both of which provide a strong floor for potential declines. On the other hand, resistance levels are represented by the Classic Pivot R1 and Woodie Pivot R1, which could act as barriers for upward movement. The Average True Range (ATR) is showing elevated volatility, which might impact trading decisions by indicating a higher potential for price swings.

The Average Directional Index (ADX) is currently below 20, signaling a weak trend, while the Relative Strength Index (RSI) is hovering near neutral territory, suggesting that the stock is neither overbought nor oversold. The MACD line is above the signal line, reflecting a bullish trend, but the Awesome Oscillator indicates some fluctuations in momentum. The Stochastic Oscillator and its RSI counterpart also reflect a balanced stance, neither suggesting extreme overbought nor oversold conditions.

Overall, traders should watch for price action around the mentioned support and resistance levels and keep an eye on volatility indicators like ATR to gauge potential price movements.