Signatureglobal (India) Limited (SIGNATURE) Stock - Complete Technical Analysis - Sep 05, 2024

Signatureglobal (India) Limited Technical 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.

Today, were diving into the technical analysis of Signatureglobal (India) Limited, trading at 1,465. The stock is currently 6.97% below its 52-week high of 1,575 and 230.02% above its 52-week low of 444.

Starting with key indicators, the stocks Relative Strength Index (RSI) is near neutral, indicating a balanced momentum. The Moving Average Convergence Divergence (MACD) is in negative territory, suggesting bearish sentiment, while the Awesome Oscillator is also showing bearish signals. The Average Directional Index (ADX) is below 20, indicating a weak trend.

Looking at moving averages, the stock is trading slightly below its shorter-term Exponential Moving Averages (EMAs) of 10 and 20 days but remains above its longer-term EMAs of 50 and 200 days, suggesting mixed short-term signals with a generally upward long-term trend. The Simple Moving Averages (SMAs) follow a similar pattern, with short-term averages indicating potential resistance.

The stock recently formed an Inside Candle pattern, with a high of 1,500.05 and a low of 1,387.35, showing consolidation within this range for the past few days. The support levels to watch are around the 1450 mark, closely aligned with the 50-day EMA and the Camarilla pivot S1. Resistance is evident at the 1477 mark, aligning with various pivot points.

In summary, while the stock shows a strong upward trend over the longer term, short-term indicators suggest caution with potential resistance around 1,477 and key support at 1,450. Traders should monitor these levels closely for potential breakouts or reversals.