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Technicals for Allcargo Logistics Limited
By MusingTheNews
2025-10-17 20:22
Overall Technical outlook
Price Summary
On 2025-10-16, ALLCARGO's stock started at 35.85, reached a high of 36.28, fell to 34.9, and ended -0.95% down at 35.51, with 12970148 shares traded. During the past 52 weeks, the highest stock price was 60.35, and the lowest was 27.26. The future price of ALLCARGO is projected to range from 39.0 to 43.0, with an average expected price of 40.33333, according to 3 analysts.
Technicals
Support and Resistance: The current price of 35.51 for ALLCARGO finds support at 34.02 and resistance at 35.7. These levels define a range in which the price might oscillate, with 34.02 as a potential support and 35.7 as a resistance level. Support/Resistance for ALLCARGO
Aroon: The AROON is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Aroon chart for Allcargo Logistics Limited
Bol. Bands: The price is above the upper Bollinger Band and has stayed there since its last surge. This situation suggests strong bullish momentum, possibly indicating that the asset is overbought. While traders might see this as a sign of ongoing strength, they should also be aware that extended periods above the band often lead to corrections or reversals, signaling a potential change in trend. Bolinger Bands chart for Allcargo Logistics Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Allcargo Logistics Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for Allcargo Logistics Limited
Tripple Moving Agerage: The Tripple MOVING AVG is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Tripple SMA chart for Allcargo Logistics Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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