Fino Payments Bank Limited (FINOPB) Stock - Complete Technical Analysis - Oct 31, 2024

Fino Payments Bank (FINOPB) Technical Analysis: Price Trends & Levels Explained

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 detailed technical analysis of Fino Payments Bank Limited (FINOPB), we see the stock trading at 380.95, which is about 18.43% below its recent 52-week high of 467.0. This price action reflects a notable correction, but the stock is still trading 52.75% above its 52-week low of 249.4, indicating strong recovery momentum over the past year.

The latest candlestick formationsa Doji and a Spinning Topindicate market indecision, suggesting traders are weighing their options amidst fluctuating price dynamics. Key indicators reveal that the MACD is currently negative, signaling bearish momentum, while the RSI is at 45, highlighting a neutral stance in terms of overbought or oversold conditions.

In terms of support and resistance, today's low at 375.3 acts as a critical support level, while resistance is evident around the recent high of 387. Volatility is on the rise, reflected in the Average True Range (ATR), making it essential for traders to remain vigilant. A break below 375 could trigger further declines, while a close above 387 may ignite bullish sentiment. Given these observations, traders should exercise caution and strategize accordingly.