KEC International Limited (KEC) Stock - Complete Technical Analysis - Oct 17, 2024

KEC International Stock Analysis: Key Support & Resistance Levels Buy or Hold

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.

KEC International is currently priced at 993, marking a correction from its recent high of 1068, making it 7% off its 52-week high. The stock's RSI stands at 50, indicating neutrality, while momentum trends lower, signaling cautious sentiment. Stochastic indicators suggest consolidation, while MACD shows bullish momentum is still intact, though the ADX reflects weak trend strength. The stock is trading below critical short-term moving averages, which could act as resistance. Key support is visible around 950, while resistance looms near 1065. Awesome Oscillator and Williams Percent Range reflect moderate bullishness. A breakout above 1010 could signal upside potential, but failure to do so may lead to further consolidation. With moderate volatility, the stock's near-term direction will depend on whether it can overcome resistance or test support.