Centrum Capital Limited (CENTRUM) Stock - Complete Technical Analysis - Nov 01, 2024

Centrum Capital Limited Stock Analysis: Trends, Support, and Resistance Levels

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. Centrum Capital Limited's current price of 34.4 reflects a recovery from the recent lows. The stock is trading 25.94% below its 52-week high of 46.5 and 44.71% above its 52-week low of 23.8. In the past week, the price action shows volatility with a recent high of 35.00, suggesting potential bullish sentiment.

The Average Directional Index (ADX) is at 16.58, indicating a weak trend, while the Relative Strength Index (RSI) at 51.53 points to neutrality. Stochastic indicators, with %K at 37.91, suggest potential upward movement. The stock is trading above the short-term 10-day and 20-day EMAs, indicating a transition phase.

The classic pivot point at 33.62 acts as support, while resistance lies around 36.34. Recent price gaps, especially the jump from 31.66 to 33.45, indicate potential investor interest. Traders should keep an eye on breakout signals above resistance or reversal indications near support levels to inform their strategies in the upcoming sessions.