Cyient Limited (CYIENT) Stock - Complete Technical Analysis - Nov 08, 2024

Cyient Limited Stock Analysis - Support, Resistance, Trends & Key Indicators for 2024

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. Cyient Limited (CYIENT) is currently trading at 1887.90, around 23% below its 52-week high and 14% above its 52-week low. The stock has recently shown volatility, as evidenced by its sharp intraday movements. On November 8th, the stock opened higher but saw a significant drop during the session, closing at 1887.90. This could signal short-term instability, but traders should pay attention to key support and resistance levels. The support is seen at 1708.57 (Classic Pivot S1) and 1643.55 (52-week low). Resistance levels are at 1949.47 (Classic Pivot R1) and 2063.18 (Classic Pivot R2).

Technical indicators suggest neutral momentum, with the RSI at 54.09 and a MACD of -1.08. The Stochastic RSI is approaching overbought territory, which could indicate a potential pullback. The ADX of 14.82 suggests weak trend strength, indicating that the stock may be in a consolidation phase. The ATR values show heightened volatility, with potential for larger price swings in the near future.

Key moving averages like the 10-day EMA at 1862.79 and the 50-day SMA at 1919.91 are close to each other, indicating consolidation. The stocks next move depends on breaking above 1949 for a bullish rally or falling below 1708 for a bearish continuation. Watch for signals from momentum indicators for more clarity.