Easy Trip Planners Limited (EASEMYTRIP) Stock - Complete Technical Analysis - Dec 03, 2024

Easy Trip Planners (EASEMYTRIP) Stock Analysis - Key Support, Resistance & Trend Insights

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. Easy Trip Planners Limited (EASEMYTRIP) stock is currently trading at 16.97, reflecting a 37% drop from its 52-week high of 27.0, but it remains 19.42% above its 52-week low of 14.21. This indicates that the stock has faced a correction but is still above its recent low.

Technical indicators such as the Relative Strength Index (RSI) at 55.12 suggest a neutral stance, not showing signs of overbought or oversold conditions. The Average Directional Index (ADX) at 25.36 further confirms the lack of a strong trend, implying the stock may be moving sideways or in a weak trend.

In terms of price levels, the stock has recently fluctuated between support at 15.34 and resistance at 19.82. On Nov 28th, there was a significant drop from 32.19 to 17.99, which highlights increased volatility. A closer look at the moving averages reveals that the 50-period EMA at 16.82 and the 100-period EMA at 17.99 are acting as key support and resistance levels. The price has been trading near these averages, signaling indecision in the market.

Looking at the technical indicators, the MACD is in positive territory, signaling a potential bullish reversal. However, the stock will need to break above resistance levels of 17.99 or 18.4 for a confirmed upward move. If it falls below the support level at 16.90, the stock could head lower, with potential support zones at 15.34 and 14.21.

In conclusion, for traders, the critical support lies around 16.90, and a break below it could signal further downside potential. A break above 17.99 could indicate bullish momentum, and traders should keep an eye on these levels for a potential trade setup.