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Technicals for CSB Bank Limited
By MusingTheNews
2026-02-02 20:28
Overall Technical outlook
Price Summary
The stock of CSBBANK declined -2.47% today, reflecting a unimpressive market performance. On 2026-02-02, CSB Bank Limited's stock opened at 417.0, reached a high of 420.0, dropped to a low of 397.8, and closed lower -2.47% at 406.7, with a trading volume of 1112796 shares. The stock's highest value over the last 52 weeks is 557.45, and the lowest value is 274.65. CSBBANK's future price is expected to lie between 400.0 and 500.0, with an average expectation of 436.66666, as per the recommendations of 3 analysts.
Technicals
Support and Resistance: At 406.7, the price is supported at 397.95 and faces resistance at 415.6. This range suggests that the price for CSBBANK might stay between these levels, with 397.95 acting as a floor and 415.6 as a ceiling. Support/Resistance for CSBBANK
Aroon: The AROON is in a neutral stance for CSBBANK, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for CSB Bank Limited
Bol. Bands: The price has crossed below the lower Bollinger Band, indicating a potential oversold condition in the market. This downward movement suggests that selling pressure has been strong enough to push prices below a critical support level. While the breach could mean the bearish trend will continue, it also raises the possibility of a reversal if buyers step in at these lower levels. Bolinger Bands chart for CSB Bank Limited
Parabolic SAR: The PSAR maintains a bearish outlook for CSBBANK, establishing a key resistance level that could limit further gains. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping upward movement subdued. Parabolic Stop and Reverse chart for CSB Bank Limited
Stochastic: The current reading of the STOCHASTIC indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Stochastic chart for CSB Bank Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for CSBBANK, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Tripple SMA chart for CSB Bank 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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