Schneider Electric Infrastructure Limited (SCHNEIDER) Stock - Complete Technical Analysis - Oct 25, 2024

Schneider Electric Stock Analysis: Key Support, Resistance & Trend Signals NSE SchneiderElectric

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. Analyzing Schneider Electric Infrastructure Limited stock (SCHNEIDER), we find the stock is trading significantly below its 52-week high at 730, showing a pattern of recent bearish momentum. Last weeks price action exhibited a sharp decline, driven by increased selling pressure, with key indicators like RSI at 34 suggesting the stock is now in oversold territory, a potential setup for a short-term reversal. MACD remains in the negative zone, supporting the bearish outlook, while a low ADX of 16 suggests the trend may not be strong enough to sustain continued losses, hinting at a potential sideways phase.

The stocks moving averages reflect its current downtrend, with the short-term 10-day EMA above the price, reinforcing bearish sentiment. Key long-term support exists at the 200-day EMA near 716, where investors may observe a bounce if the stock finds support here. Momentum and Williams %R remain negative, and gaps in recent trading days add to the overall bearish outlook. However, oversold indicators hint that the downward move might decelerate, and volatility near support levels could create trading opportunities for a reversal if bullish sentiment reemerges.