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Technicals for Persistent Systems Limited
By MusingTheNews
2025-12-15 20:51
Overall Technical outlook
Price Summary
In today's trading, Persistent Systems Limited's stock tumbled by -4.56%, showcasing an mediocre market day. On 2025-12-10, Persistent Systems Limited's stock opened at 6321.5, spiked to 6373.0, declined to 6013.5, and closed -4.56% down at 6033.5, with 518791 shares traded. The stock's highest price in the past 52 weeks is 6674.2, while its lowest price during the same period is 4402.75. 35 analysts estimate that the future price of PERSISTENT will fall between 3694.0 and 8270.0, with an average price expectation of approximately 6017.914.
Technicals
Support and Resistance: At 6033.5, the price is supported at 5713.5 and faces resistance at 6082.5. This range suggests that the price for PERSISTENT might stay between these levels, with 5713.5 acting as a floor and 6082.5 as a ceiling. Support/Resistance for PERSISTENT
Aroon: The AROON indicator is pointing to a strong bearish trend, with Aroon Down rising and the Aroon Oscillator staying low. This combination suggests that the downward price trend is likely to persist, indicating strong bearish momentum. The persistent low reading of the Aroon Oscillator suggests further weakness. Aroon chart for Persistent Systems Limited
Bol. Bands: In a marked bearish move, the current price has crossed below the lower Bollinger Band, having fallen from above the middle band. This significant drop, moving across two bands in one motion, highlights strong selling pressure and downward momentum. Such a move suggests the continuation of the bearish trend, though it could also indicate an oversold condition, where traders might anticipate a potential reversal for PERSISTENT. Bolinger Bands chart for Persistent Systems Limited
Parabolic SAR: The PSAR continues its bearish trend for Persistent Systems Limited, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment. Parabolic Stop and Reverse chart for Persistent Systems 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 Persistent Systems 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 is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter. Tripple SMA chart for Persistent Systems Limited
Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall 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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