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Technicals for Coromandel International Limited
By MusingTheNews
2025-04-25 20:30
Overall Technical outlook
Price Summary
2025-04-25, saw COROMANDEL's stock open at 2241.2, hit a peak of 2250.9, fall to a low of 2181.3, and close down -1.77% at 2201.5, with 646308 shares changing hands. Over the course of 52 weeks, the stock peaked at 2232.6 and hit a low of 1181.05. 8 analysts estimate that the future price of COROMANDEL will fall between 1575.0 and 2350.0, with an average price expectation of approximately 2060.25.
Technicals
Support and Resistance: The current price of 2201.5 is supported at 2194.1, with resistance at 2194.1. This suggests that the price for COROMANDEL might remain between these levels, where 2194.1 acts as a floor and 2194.1 as a ceiling in the market. Support/Resistance for COROMANDEL
Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for COROMANDEL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Aroon chart for Coromandel International Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Bolinger Bands chart for Coromandel International Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, establishing a key support level that could sustain the market's upward trend. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth. Parabolic Stop and Reverse chart for Coromandel International Limited
Stochastic: The stochastic indicator is currently bullish, with the K-line exceeding both the D-line and the 80 level. This configuration indicates robust upward momentum, suggesting that the market may experience further gains. Investors may interpret this as a positive signal for continued upward movement. Stochastic chart for Coromandel International Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend for COROMANDEL is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering. Tripple SMA chart for Coromandel International Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences 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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