KPI Green Energy Limited (KPIGREEN) Stock - Complete Technical Analysis - Dec 02, 2024

KPI Green Energy Limited (KPIGREEN) Stock Technical Analysis Support, Resistance, & Trends Dec 20

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. KPI Green Energy Limited (KPIGREEN) is experiencing some consolidation, with recent price action showing volatility between 771 and 800. Currently, the stock is at 779, which is 30.32% below its 52-week high of 1118 and 108.07% above its 52-week low of 374. Key support can be seen at around 771, where the stock has bounced before, and 765-770, which may act as further support. Resistance lies near 800 and, if broken, could target 820-850 levels.

In terms of indicators, the RSI is neutral, indicating no extreme overbought or oversold conditions. The MACD has recently given a bearish crossover, signaling weak short-term momentum, and the ADX is below 20, indicating a lack of strong trend strength. However, the Stochastic Oscillator is somewhat bullish, suggesting a potential upward move if it breaks above resistance.

Traders should watch for a breakout above 800, which would signal the start of a bullish trend, while any dip below 770 could present an opportunity for a short trade or a continuation of bearish momentum. The ATR shows moderate volatility, which indicates predictable price swings in the current market. It's crucial to focus on support levels near 765-770 and keep an eye on resistance at 800 for a potential trend reversal.