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Technicals for CreditAccess Grameen Limited
By MusingTheNews
2025-07-16 20:30
Overall Technical outlook
Price Summary
CreditAccess Grameen Limited's stock began trading at 1292.6 on 2025-07-16, soared to 1314.8, dipped to 1292.6, and finished the day 0.36% up at 1297.2, with 135411 shares exchanged. Over the previous 52 weeks, the stock reached a high of 1327.65 and a low of 813.9. The future price of CREDITACC is projected to range from 700.0 to 1425.0, with an average expected price of 1191.0, according to 16 analysts.
Technicals
Support and Resistance: The current price of 1297.2 is supported at 1199.8, with resistance at 1306.5. This suggests that the price for CREDITACC might remain between these levels, where 1199.8 acts as a floor and 1306.5 as a ceiling in the market. Support/Resistance for CREDITACC
Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Aroon chart for CreditAccess Grameen Limited
Bol. Bands: The current reading of the BOLL BANDS 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. Bolinger Bands chart for CreditAccess Grameen Limited
Parabolic SAR: The PSAR remains bullish, reinforcing a significant support level. This steady support suggests that the market's upward trend may continue, providing a solid foundation for potential gains for CREDITACC. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment. Parabolic Stop and Reverse chart for CreditAccess Grameen Limited
Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for CreditAccess Grameen Limited. This suggests a period of market balance, where neither side is showing dominance. Stochastic chart for CreditAccess Grameen 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 CreditAccess Grameen Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make 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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