Quess Corp Limited (QUESS) Stock - Complete Technical Analysis - Dec 18, 2024

QUESS Stock: Recovery or False Breakout

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.

Quess Corp Limited (QUESS), currently at 719.65, is trading well below its 52-week high of 875. Recent price action indicates a recovery after a prior downtrend. The RSI at 58.44 suggests slightly bullish momentum. The MACD is slightly negative, suggesting the past downtrend may still have some influence. The ADX at 21.43 indicates a weak trend. The stock is trading above most key EMAs and SMAs (10, 20, 30, 50, and 200-day), a bullish sign, but below its 100 day SMA. Both the Stochastic %K and Stochastic RSI are in the mid-range. The Hull Moving Average is above the current price. From a pivot point perspective, the price is above the classic pivot, suggesting some buying interest. The ATR indicates moderate volatility. In summary, QUESS shows signs of recovery. While trading above most moving averages is positive, the slightly negative MACD and weak ADX suggest caution. Traders should monitor for a decisive break above the 100 day SMA and R1 for potential upside or below the pivot for a possible downtrend continuation.