Restaurant Brands Asia Limited (RBA) Stock - Complete Technical Analysis - Sep 10, 2024

Restaurant Brands Asia Stock Analysis: Key Support & Resistance Levels for September 2024

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. Restaurant Brands Asia Limited is currently trading at 107, which is approximately 22.53% below its 52-week high of 137.7, reached on September 15, 2023. On the other hand, it is about 16.59% above its 52-week low of 91.5, recorded on June 4, 2024.

From a technical perspective, the stock is facing resistance around 110 to 115. This area aligns with multiple moving averages and pivot points, indicating that overcoming this resistance could be challenging. If the stock successfully breaks above this zone, the next resistance levels may emerge around 120 to 125.

Support for the stock is seen in the range of 100 to 105. This support zone is reinforced by several technical indicators and moving averages. Should the stock drop below this support level, further declines could be anticipated, with additional support potentially forming around 90 to 95.

Technical indicators present a mixed picture. The MACD shows a bearish trend, while the RSI suggests the stock is near a neutral level. The Stochastic and Stochastic RSI indicate that the stock might be oversold, potentially signaling a rebound. The Commodity Channel Index and Awesome Oscillator also show bearish signals, pointing to downward pressure. Meanwhile, the Williams Percent Range and Ultimate Oscillator suggest that the stock is oversold and might experience a bounce.

Overall, Restaurant Brands Asia Limited is encountering resistance near 110 to 115 and has support around 100 to 105. Traders should closely monitor these levels for breakout or breakdown opportunities and use technical indicators to confirm the market's direction.