Schneider Electric Infrastructure Limited (SCHNEIDER) Stock - Complete Technical Analysis - Nov 11, 2024

Schneider Electric Infrastructure Technical Analysis: Support, Resistance & Key Insights SCHNEIDE

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. Schneider Electric Infrastructure Limited (SCHNEIDER) has seen notable price movement recently, and traders are advised to monitor the stock closely. The current price is 769.40, which is nearly 21.5% lower than its 52-week high of 980, showing that it may be in a consolidation phase after a surge. On the technical front, the stock is exhibiting signs of a weak trend, with the Average Directional Index (ADX) at 16.76, indicating that there is no strong directional movement. The Relative Strength Index (RSI) is sitting at 45.97, indicating neutrality. Traders should watch for a potential breakout above the 791 resistance level, where a move to higher levels could occur, but any failure to breach this level could trigger a pullback toward key support zones near 755 and 722.

The stock is also facing some headwinds from its MACD, which is currently negative, indicating bearish momentum, while the Stochastic RSI is showing that the stock is approaching overbought conditions, which might trigger a pullback. With the stock trading below its short-term EMAs and above its long-term 200-day EMA, it is essential to wait for either a break above resistance or a clear confirmation of support before making any major moves. The ATR is suggesting higher volatility, so traders should be prepared for fluctuations as the stock consolidates in the current price range.