Technical Analysis of Talabat Holding PL (TALABAT) StockPrice Levels
Current Price: 1.41 AED
High: 1.61 AED - Low: 1.40 AED
Ask Price: 1.42 AED - Bid Price: 1.41 AED
Trend Analysis
The stock has been in a downward trend since early March, with consistent lower highs and lower lows.
A sharp drop occurred recently, pushing the price below key moving averages.
Price is trading below the Ichimoku Cloud, indicating a strong bearish momentum.
Technical Indicators
✅ Relative Strength Index (RSI)
RSI is below 30, signaling that the stock is oversold.
A potential short-term rebound could happen if buyers step in.
✅ Moving Averages
The stock is below all major moving averages, which confirms the bearish trend.
Unless it crosses above resistance levels (1.46-1.50 AED), the trend is likely to continue downward.
✅ Volume Analysis
There is a slight increase in selling volume, reinforcing the bearish pressure.
A shift in volume could indicate a trend reversal, so monitoring volume spikes is crucial.
Support and Resistance
Support Level: 1.40 AED (A break below could accelerate selling)
Resistance Levels:
1.46 AED (Short-term resistance)
1.50 AED (Stronger resistance level)
1.55-1.60 AED (Major resistance, needs strong buying pressure to break)
Recommended Approach
For short-term traders: Wait for a confirmation of a bounce before entering. If 1.40 AED holds, a small rebound to 1.46-1.50 AED is possible.
For long-term investors: Avoid buying until there’s a clear breakout above 1.50 AED with strong volume.
Stop Loss: If you are already holding, consider setting a stop-loss below 1.38 AED to manage risks.
⚠️ Risk Warning: If the price fails to hold 1.40 AED, further downside movement towards 1.35-1.30 AED may occur.
