The technical outlook for the CSE All-Share index, as of April 10, 2024, 12:20 PM GMT, is as follows:
- Summary: Strong Buy
- Moving Averages: Strong Buy
Buy – signals: 12- Sell signals: 0
- Technical Indicators: Strong Buy
- Buy signals: 6
- Neutral signals: 0
- Sell signals: 0
Below Technical analysis and information is compiled by LankaBIZ (GPT) – Sri Lanka’s First ever AI Assistant for Stock Market and Research. Click below link to ask questions about any listed company in Sri Lanka.
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The specific values and actions for the technical indicators are:
- RSI(14): 88.507, indicating an Overbought condition
- STOCH(9,6): 89.434, also suggesting an Overbought status
- STOCHRSI(14): 100, which is considered Overbought
- MACD(12,26): 273.05, with a Buy action
- ADX(14): 56.375, indicating a Buy action
- Williams %R: -0.181, signaling an Overbought condition
- CCI(14): 157.8315, with a Buy action
- ATR(14): 111.3057, showing High Volatility
- Highs/Lows(14): 414.8309, with a Buy action
The overall technical analysis suggests that the CSE All-Share index is currently in a strong buy phase, although some indicators are pointing towards an overbought market condition, which could imply a potential for a pullback or consolidation in the near term. Investors should monitor the index closely for any signs of reversal due to the overbought conditions.