Alembic Pharmaceuticals Limited (APLLTD) Stock - Complete Technical Analysis - Sep 05, 2024

Alembic Pharmaceuticals (APLLTD) Stock Analysis Key Support

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. Alembic Pharmaceuticals Limited (APLLTD) is currently trading at 1,147.15, which is 10.72% below its 52-week high of 1,284.95 and 62.22% above the 52-week low of 707.15. The stock is showing moderate strength with an RSI indicating a neutral trend, while the ADX is suggesting the stock lacks strong directional momentum at the moment. The MACD is slightly bearish, reflecting a potential slowdown in upward momentum, though the stock is still trading above key moving averages like the 50-day and 100-day EMAs.

The support zone is around 1075, which aligns closely with the 50-day EMA and historical price action. Resistance is expected near 1220, the next major pivot point. A break above this level could push the stock towards testing its previous 52-week high. Indicators like the Stochastic RSI and Williams Percent Range point towards overbought conditions, so a minor correction or consolidation around current levels is possible before any further upside move. The stock remains in a bullish trend overall, supported by a strong ROE and ROCE, but traders should watch for a breakout above resistance or potential reversal if key support levels are breached.

For traders, the Awesome Oscillator is negative, suggesting short-term weakness, while the momentum indicator remains positive, indicating potential buying pressure. The Commodity Channel Index also signals the stock may be slightly overextended, and caution is advised for fresh entries. The stock's dividend yield and financial ratios make it an attractive option for long-term investors, though short-term traders might want to wait for clear signals on MACD and price action around the key resistance level.