Prism Johnson Limited (PRSMJOHNSN) Stock - Complete Technical Analysis - Sep 06, 2024

Prism Johnson Stock Analysis: Key Support

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.

Prism Johnson Limited, trading at 179, shows a bullish technical setup but with some caution. The MACD is in positive territory, signaling upward momentum, while the RSI indicates the stock is approaching overbought conditions. The Stochastic Oscillator also supports this bullish view, suggesting strong buying interest, though the Stochastic RSI hints at potential overextension.

Resistance is anticipated near 175 and 186. A break above these levels could lead to further gains. On the downside, key support is seen around 165 and 154. A drop below these supports might indicate a possible retracement or consolidation.

The stock is trading above its key moving averages, which are providing strong support. The Exponential and Simple Moving Averages indicate a general upward trend, while the Hull Moving Average suggests resistance near current levels. The Ichimoku Base Line also aligns with the support level, reinforcing the strength of these support zones.