Quick Heal Technologies Limited (QUICKHEAL) Stock - Complete Technical Analysis - Dec 06, 2024

Quick Heal Technologies Stock Analysis Support, Resistance & Key Insights for Traders QUICKHEAL

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. Quick Heal Technologies Limited (QUICKHEAL), currently trading at 635.10, has shown a considerable recovery from its 52-week low of 351 but is still trading 23.02% lower than its 52-week high of 825.

The stock has been consolidating recently with some indecisive price action, indicated by the Doji and Spinning Top candlestick patterns. This suggests a pause in the current trend. The support level sits near the 615-620 region, with resistance around the 640-645 levels, followed by the 658 mark. A break below the 615 support could lead to a downside move, potentially targeting the 590-600 area. Conversely, if the stock breaks above the 645 resistance, a bullish trend might be initiated, pushing the price further upward.

The technical indicators are signaling neutral to slight bullish momentum. The RSI is at 55, suggesting that the stock is neither overbought nor oversold. The MACD is negative, indicating some bearish pressure in the short term, while the Stochastic RSI suggests the stock could be overbought, hinting at a possible short-term pullback. The ADX value of 16.32 shows weak directional strength, meaning the market is currently in a consolidation phase.

The volatility of QUICKHEAL is moderate, as indicated by the ATR, ranging between 75 and 85 in recent days. This suggests that the stock could experience notable price swings in either direction.

For traders, it's crucial to monitor QUICKHEALs movement around the critical levels of 615 and 645. A breakout or breakdown from these levels will likely provide direction for the next move.