Quess Corp Limited (QUESS) Stock - Complete Technical Analysis - Nov 22, 2024

Quess Corp Limited (QUESS) Stock Analysis: Key Support and Resistance Levels for Traders

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.

The current price of Quess Corp Limited (QUESS) is 644.30, 26.37% below its 52-week high of 875, and 40.22% above the 52-week low of 459.5. Looking at recent price trends, QUESS has shown volatility, ranging from 619 to 656 in the past few days. The Spinning Top candlestick pattern indicates indecision in the market, and the Bullish Harami pattern suggests potential upward movement if the stock breaks above the 656 resistance level.

Regarding technical indicators, the ADX is suggesting that the stock has been in a strong trend, although the RSI and Stochastic indicators are in the oversold zone, signaling that the stock might be due for a reversal. The short-term EMAs (10-day, 20-day) are above the stock price, indicating resistance, while the 200-day EMA provides support in the longer term. MACD is negative but showing signs of stabilization, implying that downward momentum may be weakening.

In terms of support and resistance, if the stock breaks above 656, it may head toward the 700 mark. On the other hand, if it fails to hold above 619, there could be further downside risk. Traders should monitor these key levels and the overall technical indicators for confirmation of the trend. With high volatility, it is important to wait for a breakout or breakdown for more clarity on the next move.