Sequent Scientific Limited (SEQUENT) Stock - Complete Technical Analysis - Oct 29, 2024

Sequent Scientific Technical Analysis: Key Levels and Trends Revealed

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. Currently trading at 173, Sequent Scientific Limited has shown notable volatility in recent sessions. Following a surge to a 52-week high of 240.70 in early October, the stock has retraced significantly. The latest price action indicates a downtrend, with the stock now sitting 17.45% below its recent peak. The RSI is positioned at 41.99, indicating a potential for upward momentum, especially with the Stochastic %K revealing oversold conditions at 10.15.

Despite the negative MACD at -3.56 and a weak trend indicated by the ADX of 21.44, traders should remain vigilant. Support can be identified at 182.70, while resistance appears at 210.27. The presence of various moving averages above the current price signifies resistance, particularly the 50-day EMA at 179.30. Thus, traders should look for a breakout above 210.27 for potential bullish movement, whereas a decline below 182.70 could affirm bearish sentiment. Positioning around these levels will be key for strategic trading decisions.