Thomas Cook (India) Limited (THOMASCOOK) Stock - Complete Technical Analysis - Dec 18, 2024

THOMASCOOK: Dark Cloud Cover - Sell Signal

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.

Thomas Cook (India) Limited (THOMASCOOK), currently at 213.24, is in a recent decline. A "Dark Cloud Cover" pattern is a significant bearish signal. The RSI is at 55.7, showing weakening momentum. The MACD is positive but narrowing. The ADX is low at 18.07, indicating a weak trend. The stock is trading near its 10 and 20-day EMAs and SMAs, and above its 30, 50, 100 and 200 day EMAs and SMAs. The Stochastic %K is relatively high, while the Stochastic RSI is declining. The Hull Moving Average is near the current price. From a pivot point perspective, the price is above the classic pivot but below R1. The ATR indicates moderate volatility. In summary, THOMASCOOK shows potential weakness. The "Dark Cloud Cover", weakening RSI and MACD, and the stock near key moving averages suggest caution. Watch for bearish reversal confirmation. A break below the pivot or the 30-day moving averages could signal further downside.