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Technicals for UTI Asset Management Company Limited
By MusingTheNews
2025-05-30 21:01
Overall Technical outlook
Price Summary
UTI Asset Management Company Limited's stock began trading at 1175.7 on 2025-05-30, soared to 1202.0, dipped to 1170.1, and finished the day 1.23% up at 1190.2, with 97135 shares exchanged. For the 52-week period, the stock's highest price is 1395.0, and the lowest price is 908.65. 15 analysts forecast that the price of UTIAMC will range from 965.0 to 1331.0, with an average expected price near 1192.4.
Technicals
Support and Resistance: The price of 1190.2 is supported at 1184.0 and encounters resistance at 1361.05. This suggests key levels where the price might find stability, with 1184.0 providing a base and 1361.05 acting as an upper boundary for UTIAMC. Support/Resistance for UTIAMC
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for UTI Asset Management Company Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for UTI Asset Management Company 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 UTIAMC. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment. Parabolic Stop and Reverse chart for UTI Asset Management Company Limited
Stochastic: The K-line has dipped below the D-line on the stochastic indicator while staying above 80, indicating that a bearish price move may be imminent. This pattern suggests that the market's upward momentum is faltering for UTI Asset Management Company Limited, which could result in a reversal. Investors should pay attention to this potential change in trend. Stochastic chart for UTI Asset Management Company Limited
Tripple Moving Agerage: The moving averages for the 20, 50, and 100 periods are aligned bearishly, indicating a downward trend. However, the slower SMAs are starting to lose momentum, hinting at a potential change. This weakening of the bearish trend may suggest that the market is nearing a pivot towards a bullish direction, possibly signaling an upcoming reversal in the current market trend. Tripple SMA chart for UTI Asset Management Company Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
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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