Easy Trip Planners Limited (EASEMYTRIP) Stock - Complete Technical Analysis - Dec 18, 2024

Easy Trip Planners (EASEMYTRIP) Stock Technical Analysis Support & Resistance Levels Price Trend

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. Looking at the stock of Easy Trip Planners Limited (EASEMYTRIP), it's evident that the stock has been experiencing significant fluctuations. Trading around 17.02, the stock is currently 36.96% off its 52-week high of 27.0 and 19.77% above its 52-week low of 14.21. This suggests a moderately bearish trend, but the stock is not completely oversold yet.

In terms of technical indicators, the stock shows a bearish reversal pattern the Shooting Star which appeared at the 17.09 level. This points towards possible weakness in the short-term bullish trend. The MACD, however, indicates some positive momentum, suggesting a slight possibility of a rebound. The RSI stands at 54.66, indicating a neutral state for the stock, without any strong buying or selling signals.

The ADX at 19.74 shows weak trend strength, which further confirms that the stock is in a range-bound phase. The stock has also shown high volatility in recent days, with the ATR steadily increasing, indicating potential for larger price swings. Traders should be alert to sudden moves in either direction.

In terms of moving averages, the stock is trading below the 100-day and 200-day EMAs, which are typically seen as bearish signals. However, it is still above the 50-day EMA, which could provide some near-term support. The stock has faced resistance at the 18.50-19.00 range in recent sessions, and a breakthrough here could open the door for a move towards the 21.00-22.00 zone.

Support is expected at the 16.50 level, with a more significant support zone at 15.50 if the stock fails to maintain its ground. Overall, this stock is in a consolidation phase, and traders should be cautious, focusing on key support and resistance levels for potential breakout opportunities.