Satia Industries Limited (SATIA) Stock - Complete Technical Analysis - Dec 10, 2024

Satia Industries (SATIA) Stock Analysis: Technical Insights for December 2024 Price, Support, Res

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. Satia Industries Limited (SATIA) is currently priced at 102.24, which is 34% below its 52-week high of 155. The stock has shown recent price fluctuations, particularly on December 10, 2024, where the stock saw a low of 99.75 and closed at 102.24 after opening at 103.81. This indicates short-term bearish momentum. Despite this, the stock has support around the 92.2 level, which corresponds to the Classic Pivot S1, and it is currently trading just above its 52-week low, which adds a level of potential upside. Traders should watch closely for any signs of recovery or further downside.

The Average Directional Index (ADX) is at 21.59, suggesting that the stock is in a weak trend phase, meaning neither bulls nor bears are dominating the market at the moment. The Relative Strength Index (RSI) at 45.28 suggests neutral sentiment, with no extreme buying or selling pressure. Additionally, the Stochastic Oscillator, with a value of 68.89, indicates that the stock is approaching overbought territory, which could signal a potential pullback. The MACD is negative, hinting at bearish momentum, but not extreme enough to warrant an immediate bearish signal.

As for the moving averages, the stock is trading below the 10, 20, and 50-period EMAs, which could act as resistance levels if the stock tries to break upward. The most significant resistance is near the 113.98 level, while immediate support is found at the 92.2 level, followed by lower levels around 81.7. Given the high volatility indicated by the ATR, short-term price movements could remain unpredictable. With solid fundamentals, the stock appears undervalued at current levels, but caution is advised for traders looking to enter during this uncertain market phase.