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Technicals for CreditAccess Grameen Limited
By MusingTheNews
2025-04-25 20:30
Overall Technical outlook
Price Summary
A -2.43% slide in CreditAccess Grameen Limited's stock marked an mediocre day on the market. On 2025-04-25, CreditAccess Grameen Limited's stock opened at 1148.65, spiked to 1149.15, declined to 1104.7, and closed -2.43% down at 1120.7, with 420796 shares traded. During the past 52 weeks, the highest stock price was 1508.45, and the lowest was 813.9. The price projection is between 657.0 and 1300.0, with an average expected price around 1053.625, according to 16 analysts.
Technicals
Support and Resistance: The current price of 1120.7 for CREDITACC finds support at 1072.8 and resistance at 1145.25. These levels define a range in which the price might oscillate, with 1072.8 as a potential support and 1145.25 as a resistance level. Support/Resistance for CREDITACC
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 CreditAccess Grameen Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral for CREDITACC, 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. Bolinger Bands chart for CreditAccess Grameen Limited
Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for CreditAccess Grameen Limited
Stochastic: The K-line has dipped below the D-line on the stochastic indicator, even as it remains above 80, signaling the potential start of a bearish price move. This setup suggests that the market may be entering a period of weakening momentum, possibly leading to a decline. Investors should monitor the situation for additional bearish signals. Stochastic chart for CreditAccess Grameen Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the slopes of the 20 and 50 SMAs are starting to waver. This weakening of the bearish momentum could indicate that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should be alert for signs of a trend change as the current downtrend may be losing steam. Tripple SMA chart for CreditAccess Grameen Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
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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