Technical outlook of CSE all share index?

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.

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.

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