ATHERENERG - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | ATHERENERG | Market Cap | 36,673 Cr. | Current Price | 958 ₹ | High / Low | 989 ₹ |
| Book Value | 67.2 ₹ | Dividend Yield | 0.00 % | ROCE | -19.8 % | ROE | -33.4 % |
| Face Value | 1.00 ₹ | DMA 50 | 864 ₹ | DMA 200 | 692 ₹ | Chg in FII Hold | -0.24 % |
| Chg in DII Hold | 0.87 % | PAT Qtr | -100 Cr. | PAT Prev Qtr | -79.6 Cr. | RSI | 60.7 |
| MACD | 17.9 | Volume | 23,23,191 | Avg Vol 1Wk | 45,45,751 | Low price | 301 ₹ |
| High price | 989 ₹ | Debt to equity | 0.26 | 52w Index | 95.4 % | Qtr Profit Var | 57.2 % |
| EPS | -13.5 ₹ | Industry PE | 28.0 |
- 📈 Chart Patterns: The stock is trading near its recent high (989 ₹), showing signs of exhaustion after a sharp rally. Support lies around 920–940 ₹, resistance near 980–990 ₹.
- 📊 Moving Averages: Current price (958 ₹) is well above 50 DMA (864 ₹) and 200 DMA (692 ₹), confirming strong medium-term uptrend support.
- 📉 RSI: At 60.7, RSI is approaching overbought territory, suggesting limited upside in the short term.
- 📈 MACD: Positive (17.9), showing bullish momentum, though divergence risk exists.
- 📊 Bollinger Bands: Price is near the upper band, indicating potential resistance and volatility risk.
- 📊 Volume Trends: Current volume (23,23,191) is significantly below weekly average (45,45,751), showing reduced trader participation despite price strength.
- 📌 Momentum Signals: Entry zone around 920–940 ₹; exit zone near 980–990 ₹.
- 🔄 Trend Status: Consolidating after a strong rally, with risk of reversal if volumes remain weak.
Positive
- Price trading well above 200 DMA (692 ₹), indicating long-term uptrend support.
- MACD positive, supporting short-term bullishness.
- DII holdings increased (+0.87%), showing domestic investor confidence.
Limitation
- Negative ROCE (-19.8%) and ROE (-33.4%) highlight poor efficiency.
- No dividend yield, limiting shareholder return.
- Weak volume participation despite price strength.
Company Negative News
- Consistently loss-making with EPS at -13.5 ₹.
- Quarterly losses widened (PAT -100 Cr. vs -79.6 Cr.).
- FII holdings decreased (-0.24%).
Company Positive News
- Stock has delivered strong price performance (95.4% over 52 weeks).
- Domestic institutional investors increased stake (+0.87%).
Industry
- Industry average P/E is 28.0, but ATHERENERG has no meaningful P/E due to losses.
- Sector growth potential remains high, but profitability is a concern.
Conclusion
ATHERENERG is in a growth sector but remains fundamentally weak with heavy losses and poor efficiency. Swing traders may find short-term opportunities due to technical momentum, but risk is high. Entry near 920–940 ₹ could be considered, with exit around 980–990 ₹. Caution is advised as fundamentals do not support sustained upside.
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