KCP Limited (KCP) Stock - Complete Technical Analysis - Aug 30, 2024

KCP Limited Stock Analysis: Support, Resistance, and Key Indicators August 2024

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 dive into the technical analysis of KCP Limi

ted (KCP) stock. The current price of KCP stands at 234.

Starting with key technical indicators: the Average Directional Index (ADX) is currently low, indicating a weak trend. The Relative Strength Index (RSI) is near neutral territory, suggesting that the stock is neither overbought nor oversold. The Stochastic %K and Stochastic RSI are also near neutral, showing that the stock is in a consolidation phase.

The MACD is currently negative, which might indicate bearish momentum, though its essential to watch for potential crossovers. The Momentum indicator is positive, which could hint at a short-term bullish trend. The Commodity Channel Index (CCI) and Williams Percent Range are both in a neutral zone, reflecting a balanced market sentiment.

The stock's moving averages provide a mixed signal: the Exponential Moving Averages (EMAs) are showing slight bearish pressure as the shorter-term EMAs are below the longer-term ones. However, the Simple Moving Averages (SMAs) suggest a more bullish trend with the shorter-term SMAs above the longer-term ones. The Ichimoku Base Line indicates the stock is below its cloud, which might be a bearish sign.

For support and resistance levels: Classic Pivot Point stands at 253.37, with resistance levels at 277.13, 305.56, and 357.75, and support levels at 224.94, 201.18, and 148.99. Camarilla Pivots suggest a pivot point at 253.37, with resistance levels at 253.49, 258.28, and 263.06, and support levels at 243.93, 239.14, and 234.36. Fibonacci Pivots also reflect a pivot point at 253.37, with resistance at 273.30, 285.62, and 305.56, and support at 233.43, 221.11, and 201.18.

The Average True Range (ATR) shows volatility with varying values over the past period, indicating the stock experiences significant price swings.

In summary, KCP Limited is currently trading 16.95% below its 52-week high of 281.79 and 107.46% above its 52-week low of 112.8. The technical indicators suggest mixed signals with a general bearish undertone but potential for short-term bullish movements. Traders should keep an eye on the support and resistance levels and watch for changes in momentum to make informed decisions.