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Technicals for Housing and Urban Development Corporation Limited
By MusingTheNews
2026-02-02 20:38
Overall Technical outlook
Price Summary
Housing and Urban Development Corporation Limited's shares declined -2.19% today, reflecting a lacklustre day on the market. Housing and Urban Development Corporation Limited's stock opened at 192.0 on 2026-02-02, surged to 192.0, hit a low of 178.0, and closed up -2.19% at 187.79, with 11853829 shares traded. For the 52-week period, the stock's highest price is 247.66, and the lowest price is 165.14.
Technicals
Aroon: The continuation of Aroon's bearish trend, with Aroon Down still at the 100 level, indicates strong bearish pressure. However, further analysis with additional indicators is essential to better understand the trend's potential impact on the market. Aroon chart for Housing and Urban Development Corporation Limited
Bol. Bands: The price has fallen below the lower Bollinger Band, which may indicate that the market is oversold. This downward move suggests that selling pressure has been strong enough to push prices below a critical threshold. While this breach could mean that the bearish trend will continue, it also raises the possibility of a reversal, as traders might see this as an opportunity to buy HUDCO. Bolinger Bands chart for Housing and Urban Development Corporation Limited
Parabolic SAR: The PSAR maintains a bearish stance, establishing a resistance level that could act as a barrier to any upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, keeping prices in check. Parabolic Stop and Reverse chart for Housing and Urban Development Corporation Limited
Stochastic: The current state of the STOCHASTIC is neutral for HUDCO, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Stochastic chart for Housing and Urban Development Corporation Limited
Tripple Moving Agerage: A bullish trend is indicated by the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a potential reversal. The weakening momentum in the shorter-term averages suggests that the current trend may not hold, signaling the possibility of an upcoming change in direction for HUDCO. Tripple SMA chart for Housing and Urban Development Corporation Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
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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