Sequent Scientific Limited (SEQUENT) Stock - Complete Technical Analysis - Dec 05, 2024

Sequent Scientific Stock Analysis Key Support & Resistance Levels Technical Insights for Traders

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. Sequent Scientific Limited (SEQUENT) stock is trading at 199, which is significantly below its 52-week high of 240.7. The stock recently showed a notable surge to 240.7 but has experienced a strong pullback to the 198 level, which now seems to be a key support zone. The immediate resistance is near the 228-232 range, with the stock finding substantial resistance near the Exponential Moving Average (10) at 201.1. A key observation is the volatility of recent price movements, with significant gaps seen on October 1st, where the price surged to 240.7 before falling back to lower levels. This indicates heightened volatility and potential for price reversals, making it critical for traders to be cautious in their entries and exits.

Analyzing the stock's technical indicators, the RSI is neutral, indicating no extreme overbought or oversold conditions. However, the Stochastic RSI is indicating bullish momentum, while the MACD remains positive, supporting the possibility of a short-term bounce. On the other hand, the CCI and Average Directional Index (ADX) suggest that the stock could be in a consolidation phase, where significant price moves might not happen unless there is a clear breakout above key resistance levels.

From a pivot perspective, traders should closely monitor the key support and resistance levels derived from the Fibonacci, Classic, and Camarilla pivots. Immediate support is found at around 198, and further dips could see the stock testing levels like 180.5 or even 157.77. On the bullish side, a breakout above 224 could potentially take the stock back towards the previous highs. With the ATR showing substantial volatility, traders should expect larger swings in price, so setting stop-loss and target levels based on recent pivot points would be advisable.