Alkyl Amines Chemicals Limited (ALKYLAMINE) Stock - Complete Technical Analysis - Dec 17, 2024

Alkyl Amines Stock Analysis Key Support & Resistance Levels, Technical Indicators & Market Trends

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.

Detailed Technical Analysis of Alkyl Amines Chemicals Limited (ALKYLAMINE) Stock

Overview:

Alkyl Amines Chemicals Limited (ALKYLAMINE) is currently trading at 1,973.80. The stock is 27.83% off its 52-week high and 9.17% above its 52-week low. With a relatively high P/E ratio of 60.0, this suggests the stock may be considered expensive. The Dividend Yield is modest at 0.51%, and its ROE of 12.3% reflects moderate profitability.

Key Support & Resistance Zones:

Support Levels:

Classic Pivot S1 at 1,822.23

Camarilla Pivot S1 at 1,931.21

Fibonacci Pivot S1 at 1,906.13

These levels are critical for any potential price retracement, and if the stock falls, these are the zones where buyers could step in.

Resistance Levels:

Classic Pivot R1 at 2,188.68

Fibonacci Pivot R1 at 2,186.10

Woodie Pivot R1 at 2,169.18

These resistance levels suggest that breaking through these levels could indicate a continuation of the uptrend.

Moving Averages:

The stock is trading below both the 10-day EMA at 1,995.11 and the 50-day EMA at 2,055.44, signaling bearish sentiment in the near term.

The 200-day EMA at 2,129.58 also serves as a long-term resistance level.

Technical Indicators:

RSI: At 42.07, the stock is neither overbought nor oversold, suggesting neutral conditions.

MACD: The negative MACD reading indicates a bearish trend.

ADX: The weak ADX value of 16.1 suggests that there is no strong trend, and the stock is in consolidation mode.

Stochastic Oscillator: The Stochastic %K at 39.04 confirms neutral conditions, suggesting the market is uncertain.

Chart Patterns:

Doji and Spinning Top candlesticks reflect indecision, signaling that the stock is in a range-bound or consolidation phase.

Volatility Indicators:

ATR (Average True Range) indicates high volatility, with swings ranging from 850.62 to 2,116.41. This suggests potential price reversals in the near term.

Conclusion:

The stock of Alkyl Amines Chemicals Limited is under pressure and trading below its key moving averages, suggesting a weak trend. The next move for the stock depends on whether it can hold support at key levels like 1,822.23. Traders should watch for any breakout above 2,188.68, which could indicate further upside.