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Technicals for Rainbow Children's Medicare Limited
By MusingTheNews
2025-06-13 20:52
Overall Technical outlook
Price Summary
With a -2.03% drop, Rainbow Children's Medicare Limited enjoyed a lousy day in the stock market. Rainbow Children's Medicare Limited's stock began trading at 1451.0 on 2025-06-13, soared to 1451.0, dipped to 1411.0, and finished the day -2.03% down at 1421.6, with 136412 shares exchanged. The highest price the stock achieved in the past 52 weeks is 1677.25, while the lowest price it saw is 1105.1. The expected price range is between 1474.0 and 1785.0, with a mean anticipated price of 1636.9, according to 10 analysts.
Technicals
Support and Resistance: The current price is 1421.6, with support at 1401.7 and resistance at 1488.55. This range suggests that the price might move between these levels, with 1401.7 offering support and 1488.55 capping further gains for Rainbow Children's Medicare Limited. Support/Resistance for RAINBOW
Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Aroon chart for Rainbow Children's Medicare Limited
Bol. Bands: The current reading of the BOLL BANDS indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Bolinger Bands chart for Rainbow Children's Medicare Limited
Parabolic SAR: The PSAR for RAINBOW continues to signal a bearish stance, reinforcing a resistance level that could restrict upward movement. This resistance suggests that the market may remain under bearish pressure, with limited potential for breaking higher. Parabolic Stop and Reverse chart for Rainbow Children's Medicare Limited
Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Stochastic chart for Rainbow Children's Medicare Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for RAINBOW, with no strong trend emerging. Tripple SMA chart for Rainbow Children's Medicare Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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