FDC Limited (FDC) Stock - Complete Technical Analysis - Nov 22, 2024

FDC Limited Stock Analysis: Bullish Signals Amid Decline Key Levels to Watch Technical & Fundamen

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. FDC Limited (FDC) is showing interesting patterns in its stock movement. Currently priced at 488.05, FDC is trading 25.92% below its 52-week high and 29.05% above its 52-week low. With a P/E of 25.2 and a dividend yield of 1.02%, the stock offers moderate value, and its return on equity stands at 14.3%.

Technically, the stock has recently formed a Bullish Engulfing pattern and a Morning Star, indicating bullish reversal potential. The RSI, currently oversold, suggests that the stock may experience a bounce, though the MACD is still negative, signaling a lack of momentum. With support near 478 and resistance around 510-520, traders should watch for price movements within these levels.

The stock's volatility, as indicated by an ATR above 40, suggests significant price fluctuations, which can offer opportunities for traders looking for shorter-term gains. FDC has the potential for a price reversal if it holds above support levels and breaks through resistance.