Campus Activewear Limited (CAMPUS) Stock - Complete Technical Analysis - Oct 18, 2024

Technical Analysis of Campus Activewear (CAMPUS): Trends, Support & Resistance Insights

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.

In this analysis of Campus Activewear Limited, we observe that the stock is currently trading at 301.85, significantly below its recent 52-week high of 371.90 from September 25, 2024, and still 41.71% above its 52-week low of 213.00 recorded on March 28, 2024.

Recent candlestick formations, including a Doji and a Spinning Top, indicate market indecision, which suggests that investors are uncertain about the next direction. The recent price action shows fluctuations, with a high of 304.00 on October 18, closing at 301.85. The price trend demonstrates lower highs and lower lows, signaling a potential bearish trend.

The stock's ATR indicates moderate volatility, crucial for traders to consider when strategizing their moves. Currently, the MACD reflects bearish momentum, and the RSI is below 40, signaling the possibility of the stock being oversold, which may lead to a potential reversal if buying interest increases.

Key support is observed around 283.97, aligning with the Classic Pivot S1, while resistance is seen at 327.93, a critical level for bulls to reclaim strength. Traders should closely monitor these levels as they assess their positions.