Cupid Limited (CUPID) Stock - Complete Technical Analysis - Sep 11, 2024

Cupid Limited Stock Analysis: Bearish Signals & Key Levels NSE Technical Review

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. Let's explore the technical analysis for Cupid Limited, which is currently trading at 84.6. This stock is 38.82% below its 52-week high of 140 and 395.09% above its 52-week low of 17.3.

The technical indicators paint a bearish picture for Cupid Limited. The RSI suggests that the stock is approaching oversold conditions, and the MACD is showing negative momentum, indicating a potential downtrend. Additionally, the Stochastic Oscillator is in the oversold zone, signaling that the stock might be due for a rebound or correction.

The Average Directional Index (ADX) suggests a weak trend, which could mean that the stock is in a consolidation phase. The Awesome Oscillator and Commodity Channel Index further confirm the bearish outlook, showing that the current momentum is unfavorable.

Key support levels can be found around the recent lows and pivot points, which might provide some cushion if the stock continues to decline. Resistance levels are indicated by the moving averages and previous highs, where selling pressure could emerge.

In summary, Cupid Limited is currently experiencing a bearish trend with oversold conditions that might present opportunities for a bounce. Traders should monitor key support and resistance levels closely and be cautious of the negative momentum indicators.