Fine Organic Industries Limited (FINEORG) Stock - Complete Technical Analysis - Dec 16, 2024

Fine Organic Industries Stock Analysis: Price Levels, Support & Resistance, Key Insights

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. Fine Organic Industries Limited (FINEORG) stock is showing strong fundamentals, with a high P/E ratio of 39.7, suggesting growth expectations from the market. The stock is currently trading at 5,007, which is 15.97% below its 52-week high of 5,958.85, but 24.53% above its 52-week low of 4,021. The company has solid profitability with ROCE of 29% and ROE of 21.7%, positioning it well in the market.

From a technical perspective, the stocks ADX reading of 21.23 suggests a trend exists, but it is not a strong one. The RSI at 47.38 suggests neutral conditions, while the Stochastic RSI of 2.21 indicates that the stock is in an oversold condition and may experience a reversal in the near term.

In terms of support and resistance levels, Fine Organics immediate support lies at 4,794, with further support at 4,390 and 3,713. Resistance levels are higher at 5,470, 5,743, and 6,419. The stocks price recently reached a low of 4,911.95, signaling potential for a bounce from this support region. The Awesome Oscillator indicates bullish momentum potential, and while the Momentum indicator is currently negative, a shift towards positive momentum could lead to upward movement.

The stocks volatility, as indicated by the ATR, is moderate, and the stock seems to be consolidating with short-term fluctuations. Traders should keep an eye on price action around the 5,000 level, as a breakout above resistance levels could signal further upside, while a break below support could lead to further downside.