KPI Green Energy Limited (KPIGREEN) Stock - Complete Technical Analysis - Nov 12, 2024

KPI Green Energy Limited (KPIGREEN) Technical Analysis: Key Support, Resistance & Indicators Stoc

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. KPI Green Energy Limited (KPIGREEN) shows mixed technical signals, with the stock trading at 779.80, well below its 52-week high of 1118. The recent candle formation is a spinning top, indicating indecision in the market. With a P/E ratio of 65, the stock appears expensive, yet its solid fundamentals like a 17% ROCE and 21.3% ROE suggest potential for long-term growth.

For short-term trading, support is at 755.15 and 752.05, while resistance is seen near 791.30. The RSI is neutral at 46.23, and the MACD is bearish, indicating potential downward pressure. Momentum is relatively positive, and the CCI indicates a slightly negative trend, reinforcing caution.

Traders should watch for a potential breakout above 791.30 for a move toward 822. However, due to the high valuation, caution is advised for long positions, and investors should consider waiting for a better entry point.