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Technicals for Punjab National Bank
By MusingTheNews
2025-06-13 20:51
Overall Technical outlook
Price Summary
On 2025-06-13, Punjab National Bank's stock opened at 105.2, peaked at 107.4, hit a low of 105.2, and closed 1.34% higher at 106.61, with 16084085 shares changing hands. The top price for the stock in the last 52 weeks is 128.94, with the bottom price being 86.9. Based on recommendations from 16 analysts, the future price of PNB is expected to range from 80.0 to 140.0, with an average price expectation around 109.4375.
Technicals
Support and Resistance: The current price of 106.61 is supported at 106.4, with resistance at 110.18. This suggests that the price for PNB might remain between these levels, where 106.4 acts as a floor and 110.18 as a ceiling in the market. Support/Resistance for PNB
Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for PNB. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Aroon chart for Punjab National Bank
Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Bolinger Bands chart for Punjab National Bank
Parabolic SAR: The PSAR has just moved from a bullish to a bearish stance, indicating a possible market downturn. If this shift is corroborated by other trends, it could be a very bearish signal. Investors should be cautious and look for additional confirmation before acting. Parabolic Stop and Reverse chart for Punjab National Bank
Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Stochastic chart for Punjab National Bank
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend for Punjab National Bank, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum may be weakening. This loss of strength could be a sign that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should watch for signs of a trend change as the current downtrend starts to fade. Tripple SMA chart for Punjab National Bank
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
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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