Consolidated Finvest & Holdings Limited (CONSOFINVT) Stock - Complete Technical Analysis - Nov 04, 2024

Consolidated Finvest Stock Analysis: Key Levels & Trends 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.

Consolidated Finvest & Holdings Limited is presently trading around 205, representing a significant drop from its 52-week high of 346.95 recorded on December 20, 2023. The stock is currently 40.79% lower than that peak while trading 22.07% above its 52-week low of 168.3, noted on November 2, 2023.

Analyzing the last five trading days, we see considerable volatility with the highest price hitting 210.85 and a low of 192.50. The Average Directional Index (ADX) indicates a weak trend, suggesting potential sideways movement ahead. The Relative Strength Index (RSI) is near neutral, pointing to balanced market pressure. The MACD is in negative territory, reflecting bearish momentum, while the Stochastic oscillator hints at nearing oversold levels.

Key support levels lie at 184.31 and further down at 166.85. Resistance is likely around 224.12, a level where the stock has struggled previously. Price gaps observed recently, particularly between 210.85 and 202.01, could signal possible reversals or trend continuations. Traders should monitor these support and resistance levels closely; a breakout above 224 may indicate a bullish trend, while a breach below support levels could prompt further declines. Overall, the stock's technical indicators warrant careful trading strategies to navigate the current volatility.