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Technicals for Allcargo Logistics Limited
By MusingTheNews
2025-06-13 20:22
Overall Technical outlook
Price Summary
A -3.71% tumble in Allcargo Logistics Limited's stock marked an lacklustre day on the market. Allcargo Logistics Limited's stock started trading at 36.9 on 2025-06-12, climbed to 37.02, fell to 35.21, and closed -3.71% down at 35.53, with 5683599 shares traded. The stock's highest price in the past 52 weeks is 71.61, while its lowest price during the same period is 27.26. The price outlook for ALLCARGO is between 39.0 and 80.0, with an average expectation of 57.33333, as estimated by 3 analysts.
Technicals
Support and Resistance: The price sits at 35.53, supported by 32.12 and resisted by 40.16. This indicates a trading range where 32.12 provides a floor, preventing declines, and 40.16 acts as a ceiling, limiting further price increases for ALLCARGO. Support/Resistance for ALLCARGO
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for Allcargo Logistics Limited
Bol. Bands: The price dipping under the upper Bollinger Band could signal an upcoming decline. This technical indicator suggests that the asset is overbought and may be poised for a correction. Traders might interpret this as a potential reversal, where the bullish momentum is slowing down, making it a key moment for evaluating trading strategies. Bolinger Bands chart for Allcargo Logistics Limited
Parabolic SAR: The PSAR for ALLCARGO maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment. Parabolic Stop and Reverse chart for Allcargo Logistics Limited
Stochastic: The stochastic indicator reflects the K-line falling below the D-line, while remaining above 80, signaling the potential start of a bearish price move. This suggests that the market may be losing steam, with a possible decline on the horizon. Traders should monitor this development for further signs of a downturn. Stochastic chart for Allcargo Logistics Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral for ALLCARGO, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Tripple SMA chart for Allcargo Logistics Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
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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