Jupiter Wagons Limited (JWL) Stock - Complete Technical Analysis - Sep 06, 2024

Jupiter Wagons Stock Analysis: Technical Indicators

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.

Let's dive into the technical analysis of Jupiter Wagons Limited stock. Currently trading at 547, the stock is significantly below its 52-week high of 748, indicating a drop of about 26.86%. However, it's trading over 105% above its 52-week low of 266.8, reflecting strong recovery potential.

Support and Resistance Levels: The stock faces immediate support around the 530 mark, with further support at 485 and 396. Key resistance levels are around 574, with additional resistance at 619 and 662.

Technical Indicators: The MACD shows a bearish divergence with a negative level, suggesting downward pressure. The RSI is at 42, indicating the stock is in a neutral to slightly oversold zone. The ADX is at 27.25, signaling a strengthening trend but not necessarily a strong one.

The Stochastic %K is near 43, aligning with the RSI in the neutral zone, while the Stochastic RSI Fast is higher at 62, showing a potential for bullish momentum. The Awesome Oscillator is negative, reinforcing the bearish sentiment. The Commodity Channel Index and Williams Percent Range indicate a bearish trend, with the latter showing the stock in oversold territory.

Moving averages present a mixed picture. The short-term Exponential Moving Averages are above the current price, suggesting resistance, while the longer-term averages like the 200-day EMA are below, indicating potential support.

Overall, the technical setup indicates a complex market condition with mixed signals. Traders should watch for price action around the key support and resistance levels for potential trade signals.