⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ATHERENERG - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | ATHERENERG | Market Cap | 23,178 Cr. | Current Price | 607 ₹ | High / Low | 790 ₹ |
| Book Value | 71.6 ₹ | Dividend Yield | 0.00 % | ROCE | -65.7 % | ROE | -156 % |
| Face Value | 1.00 ₹ | DMA 50 | 652 ₹ | DMA 200 | 539 ₹ | Chg in FII Hold | -6.16 % |
| Chg in DII Hold | 4.50 % | PAT Qtr | -154 Cr. | PAT Prev Qtr | -178 Cr. | RSI | 44.2 |
| MACD | -18.7 | Volume | 7,78,288 | Avg Vol 1Wk | 11,30,952 | Low price | 287 ₹ |
| High price | 790 ₹ | Debt to equity | 0.16 | 52w Index | 63.6 % | Qtr Profit Var | 21.9 % |
| EPS | -81.1 ₹ | Industry PE | 27.2 |
📈 Technical Analysis
- Chart Patterns: Price is below 50 DMA (652 ₹) but above 200 DMA (539 ₹), showing mixed signals.
- Moving Averages: Current price (607 ₹) is under 50 DMA, suggesting short-term weakness, but above 200 DMA, indicating long-term support.
- RSI: At 44.2, leaning towards oversold territory, showing weak momentum.
- MACD: Negative (-18.7), confirming bearish bias.
- Bollinger Bands: Price is near lower band, suggesting potential rebound but still weak.
- Volume Trends: Current volume (7,78,288) is below 1-week average (11,30,952), showing declining participation.
📊 Momentum & Trend
- Short-term Momentum: Bearish with MACD negative and RSI weak.
- Support Zone: 590 ₹ – 600 ₹ (near current levels).
- Resistance Zone: 640 ₹ – 650 ₹ (near 50 DMA).
- Trend: Consolidating with bearish bias.
- Optimal Entry: Around 590 ₹ – 600 ₹ if support holds.
- Optimal Exit: Around 640 ₹ – 650 ₹ unless breakout occurs.
✅ Positive
- DII holding increased (+4.50%), showing strong domestic institutional support.
- Quarterly losses reduced (PAT -154 Cr vs -178 Cr), indicating improvement.
- Debt-to-equity ratio at 0.16, relatively manageable.
⚠️ Limitation
- Negative ROCE (-65.7%) and ROE (-156%), showing poor efficiency.
- No dividend yield (0.00%), limiting investor returns.
- EPS negative (-81.1 ₹), reflecting weak profitability.
📉 Company Negative News
- FII holding decreased significantly (-6.16%), showing reduced foreign investor confidence.
📈 Company Positive News
- DII holding increased (+4.50%), indicating strong domestic support.
- Quarterly losses narrowed, showing operational improvement.
🏭 Industry
- Industry PE at 27.2, but company has no meaningful P/E due to losses.
- Sector growth potential exists, but profitability remains a challenge.
🔎 Conclusion
- Stock is consolidating with bearish signals.
- Entry near support (590 ₹ – 600 ₹) may be risky but could offer rebound opportunities.
- Exit near resistance (640 ₹ – 650 ₹) unless strong breakout occurs.
- Long-term investors should be cautious due to persistent losses despite institutional support.