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Technicals for Can Fin Homes Limited
By MusingTheNews
2025-05-30 20:28
Overall Technical outlook
Price Summary
On 2025-05-30, CANFINHOME's stock started at 784.0, reached a high of 790.8, fell to 768.0, and ended 0.53% higher at 788.15, with 235308 shares traded. The peak price for the stock in the past 52 weeks is 931.2, with the lowest price being 574.8. 15 analysts predict that the future price of CANFINHOME will be in the range of 750.0 to 1000.0, with a mean expected price of about 857.6667.
Technicals
Support and Resistance: The current price for CANFINHOME is 788.15, supported at 754.3 with resistance at 814.55. This indicates a trading range where 754.3 might prevent further declines, while 814.55 could hinder additional gains. Support/Resistance for CANFINHOME
Aroon: The Aroon indicator continues to show a bullish trend, with Aroon Up remaining at the 100 level. This suggests strong upward momentum, but the trend should be examined further using other indicators to confirm its strength and potential for continuation for CANFINHOME. Aroon chart for Can Fin Homes Limited
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 Can Fin Homes Limited
Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for CANFINHOME. Parabolic Stop and Reverse chart for Can Fin Homes Limited
Stochastic: The stochastic indicator is in a bullish phase, as the K-line is above the D-line and the 80 mark. This setup suggests strong upward momentum, implying that CANFINHOME may continue to experience gains. Investors may consider this a positive signal for continued market growth. Stochastic chart for Can Fin Homes Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend for Can Fin Homes Limited, 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 Can Fin Homes Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to 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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