Cupid Limited (CUPID) Stock - Complete Technical Analysis - Oct 29, 2024

Cupid Limited (CUPID) Stock Technical Analysis: Key Levels and Insights for Traders

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 today's analysis of Cupid Limited, we see a stock currently trading at 77.7, which is considerably below its recent 52-week high of 140. The stock's strong ADX at 46.1 signals a robust trend, while the RSI at 44.79 indicates a neutral zone, suggesting a possible consolidation phase. The MACD's bearish reading emphasizes the current downward pressure.

Moving averages show immediate support at the 10-day EMA of 76.35, with potential resistance at the 200-day EMA around 82.62. Recent trading data reveals a tendency for sudden price movements, evidenced by a notable price surge from 70.10 to 74.70 on October 28, highlighting the stock's volatility.

Currently, key support is identified at 75, while resistance lies near 78. Traders should remain alert to these levels for potential breakout or breakdown opportunities, and monitor volume trends for validation of movements. As we continue to analyze Cupid Limited, these insights can help guide trading decisions in this dynamic market.