Wonderla Holidays Limited (WONDERLA) Stock - Complete Technical Analysis - Sep 10, 2024

Wonderla Holidays Stock Analysis Support & Resistance Levels September 2024 Update

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. Wonderla Holidays Limited is currently trading at 864, which is approximately 21.91% below its 52-week high of 1105.9, reached on April 8, 2024. The stock is also 43.55% above its 52-week low of 601.55 from September 12, 2023.

Technically, the stock shows a strong bullish momentum. The MACD is above its signal line, signaling upward movement, and the RSI indicates a moderately strong buying interest. Both the Stochastic %K and the Stochastic RSI are in overbought territories, suggesting that the stock could be due for a pullback or consolidation.

The ADX reflects a strong trend, indicating that the current movement is likely to continue. The CCI is also quite high, reinforcing the strength of the bullish trend. Additionally, the Williams Percent Range is in an overbought zone, which could point to a potential for price retracement.

The stock price is comfortably above its short-term moving averages like the 10-day and 20-day EMAs, which indicates strong support levels. Resistance levels are expected around recent highs and pivot points. Traders should be mindful of potential resistance near these levels, as the stock might face selling pressure.

Overall, Wonderla Holidays Limited shows robust bullish signals, but caution is advised due to the overbought conditions. Monitoring for any potential corrections or consolidations will be key in navigating this stock's movements.