COSMO FIRST LIMITED (COSMOFIRST) Stock - Complete Technical Analysis - Dec 09, 2024

COSMO FIRST LIMITED Stock Analysis: Price Action, Key Indicators & Support-Resistance Levels

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. COSMO FIRST LIMITED's stock is currently priced at 884.50, slightly below its 52-week high of 998.50 and significantly above its low of 451.5. This shows the stock has recovered well from its lows.

Looking at the technical indicators, the stock shows strong bullish momentum. The RSI is at 73.62, which is quite close to overbought territory, signaling that the stock might face short-term resistance. The Stochastic %K value is also high at 90.72, which confirms that the stock is in an overbought zone. The MACD level of 28.87 is bullish, indicating sustained upward movement, and the Awesome Oscillator reading of 88.25 further reinforces the current bullish trend.

Examining moving averages, COSMOFIRST is well above its 10-day, 20-day, 50-day, 100-day, and 200-day EMAs, which is a bullish signal. However, the Hull Moving Average at 896.12 suggests that the stock could face resistance at this level. In the short term, watch for price action around this level for signs of either breakout or consolidation.

In terms of support and resistance, COSMOFIRST has immediate support at 860 and further support at 840. The stock faces resistance around 895, with a key level to watch around the 900 mark. If the stock continues its upward movement, it could potentially challenge its 52-week high at 998.

Over the past few days, the stock has shown impressive bullish momentum. On December 9th, the stock opened at 893.05, fell to 880.00, and closed at 884.50. The recent movement indicates potential for a small retracement or consolidation before resuming the bullish trend.

In summary, COSMOFIRST is in a strong uptrend, but it's important to be cautious as technical indicators show the stock is nearing overbought conditions. Traders should monitor for a potential short-term pullback or consolidation before making any major moves.