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Technicals for Carborundum Universal Limited
By MusingTheNews
2025-05-30 20:28
Overall Technical outlook
Price Summary
On 2025-05-30, CARBORUNIV's stock opened at 995.0, reached a peak of 1001.8, dropped to 981.3, and ended -0.32% down at 991.8, with a volume of 67807 shares. During the 52-week span, the stock hit a high of 1800.8 and a low of 831.65. The future price of CARBORUNIV is anticipated to range from 738.0 to 1170.0, with an expected mean price of 966.1, according to the recommendations of 10 analysts.
Technicals
Support and Resistance: The price sits at 991.8, supported by 948.5 and resisted by 999.5. This indicates a trading range where 948.5 provides a floor, preventing declines, and 999.5 acts as a ceiling, limiting further price increases for CARBORUNIV. Support/Resistance for CARBORUNIV
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Carborundum Universal Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for CARBORUNIV, with no strong trend emerging. Bolinger Bands chart for Carborundum Universal Limited
Parabolic SAR: The PSAR for CARBORUNIV continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for Carborundum Universal Limited
Stochastic: The current state of the STOCHASTIC is neutral for CARBORUNIV, 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 Carborundum Universal Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral for CARBORUNIV, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Tripple SMA chart for Carborundum Universal Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences 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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