KPI Green Energy Limited (KPIGREEN) Stock - Complete Technical Analysis - Dec 17, 2024

KPI Green Energy Stock Analysis: Key Support & Resistance Levels Revealed (Dec 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. KPI Green Energy Limited (KPIGREEN) is currently trading at 812.60, 27.32% below its 52-week high of 1118.00 and 99.82% above its 52-week low of 406.67. Over the past few days, the stock has shown fluctuations, with the most recent price action closing at 812.60 on December 16th, showing a recovery from the low of 782.55. Technically, the stock is testing key support zones around 792, supported by the 10-day and 50-day EMAs, while facing resistance near 818. This price range indicates a potential breakout or breakdown in the near future.

The Relative Strength Index (RSI) is neutral at 54.1, suggesting that the stock is neither overbought nor oversold, while the MACD is in positive territory, indicating the possibility of upward momentum. The Average Directional Index (ADX) at 20.7 shows a weak trend, which means traders should be cautious of a lack of strong directional movement. However, the stocks volatility, as measured by the Average True Range (ATR), remains moderate, indicating potential for price swings in both directions.

For traders, key levels to monitor are 818 for resistance and 792 for support. A breakout above 818 could signal further upside potential, while a fall below 792 could lead to a pullback. The Stochastic RSI and CCI are both within neutral ranges, which suggests that KPIGREEN may remain range-bound in the short term. Overall, while the stock shows potential for a bullish move, caution is advised until a clear breakout or breakdown occurs.