MPS Limited (MPSLTD) Stock - Complete Technical Analysis - Sep 12, 2024

MPS Limited Stock Analysis Key Support & Resistance Levels September 2024 Market Insights

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. MPS Limited, currently priced at 2,230, is showing some intriguing technical signals. The Average Directional Index indicates a moderately strong trend, while the Relative Strength Index suggests that the stock is approaching oversold conditions. The Stochastic Oscillator is very low, which could signal an oversold condition, yet the Stochastic RSI shows a complete absence of momentum, suggesting a potential reversal or consolidation phase.

The MACD line is above the signal line, indicating bullish momentum, though the Momentum Indicator and Commodity Channel Index suggest a bearish outlook. The Awesome Oscillator supports a bullish trend, but the Williams Percent Range and Bull Bear Power point towards strong selling pressure.

In terms of support, the stock finds a solid base around the 2,200 to 2,250 range, closely aligned with the Volume Weighted Moving Average and Ichimoku Base Line. Resistance is evident near the 2,300 to 2,350 range, which aligns with recent price action and moving averages. The stock is in a strong uptrend relative to its 52-week low but is still below its 52-week high. Traders should monitor for potential breakout or breakdown signals around these key levels.