Sequent Scientific Limited (SEQUENT) Stock - Complete Technical Analysis - Sep 11, 2024

Sequent Scientific Stock Analysis: Key Levels & Indicators for Traders Partha Kuchana

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. Welcome to today's technical analysis of Sequent Scientific Limited (SEQUENT). The stock is currently trading at 173, which is 6.38% below its 52-week high of 184.7 and 100.13% above its 52-week low of 86.4.

Support and Resistance Levels: The key support levels for SEQUENT are at 137.44 and 111.25, while resistance levels are at 182.41 and 201.19. These levels provide critical points for traders to watch for potential price action.

Technical Indicators Overview:

MACD: The MACD line is positive, suggesting bullish momentum.

RSI: At 61.49, the RSI indicates that the stock is nearing overbought conditions but is still in a strong trend.

ADX: With an ADX of 41.47, the current trend is strong, but watch for any signs of weakening momentum.

Stochastic Oscillator: The Stochastic %K at 68.92 shows that the stock is in a bullish phase, but be cautious of potential overbought conditions.

Williams %R: At -44.17, it reflects a neutral to slightly bullish sentiment.

CCI: The Commodity Channel Index at 90.42 indicates strong momentum.

Moving Averages:

Short-term EMAs: The 10-day EMA is at 171.74, above the current price, indicating a potential resistance.

Long-term EMAs: The 200-day EMA is at 129.44, suggesting overall upward momentum.

Simple Moving Averages: The 50-day SMA is at 148.8, supporting the bullish trend.

Other Observations:

Average True Range (ATR): The ATR indicates increased volatility, with recent values showing fluctuations around 55.

Awesome Oscillator: At 22.09, it supports the

bullish outlook with its positive reading.

Hull Moving Average: At 178.36, it indicates the stock is trading below this level, suggesting possible resistance.

In summary, SEQUENT is currently experiencing strong bullish momentum with its MACD and ADX readings. The RSI suggests it's nearing overbought conditions, so traders should be cautious. The stock is above several key moving averages, which support the bullish trend but face resistance around the 10-day EMA and Hull Moving Average. Watch for price action around the identified support and resistance levels for potential trading opportunities.