Cupid Limited (CUPID) Stock - Complete Technical Analysis - Dec 05, 2024

Cupid Limited Stock Technical Analysis - Support, Resistance, and 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. Cupid Limited (CUPID) has seen some price fluctuations recently, trading at 82.92, reflecting a notable decline from its 52-week high of 140.0. However, the stock is still up significantly from its low of 42.64, suggesting it has made a strong recovery. The price has been consolidating around the 80-85 range, with moving averages clustering in the 82-85 range. The stock is currently near the 50-period exponential moving average (83.29) and the 100-period exponential moving average (85.09), indicating potential sideways movement in the short term.

Technically, the stock is not showing a strong trend as indicated by the Average Directional Index (ADX) of 16.41, which suggests weak directional strength. The RSI value at 48.68 is neutral, signaling that the stock isnt in overbought or oversold territory, but the Stochastic RSI suggests a slight oversold condition with a value of 31.83. This could indicate that the stock is due for a potential rebound.

Support for CUPID is around the 82-83 zone, where the price has recently bounced, and if the stock breaks below this level, it could face further downside risk toward 80. Resistance lies around 85-86, with recent highs and key moving averages reinforcing this range. Investors should be cautious, as the stocks current behavior suggests a consolidation phase before a breakout or breakdown.