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Technicals for Rainbow Children's Medicare Limited
By MusingTheNews
2025-12-15 20:53
Overall Technical outlook
Price Summary
Rainbow Children's Medicare Limited's stock opened at 1350.2 on 2025-12-10, surged to 1368.5, dropped to 1341.7, and ended 1.02% higher at 1364.0, with 89264 shares traded. Over the past year, the stock's highest price was 1635.9, and its lowest was 1239.6. 11 analysts forecast that the price of RAINBOW will range from 1460.0 to 1780.0, with an average expected price near 1604.5454.
Technicals
Support and Resistance: The price for RAINBOW at 1364.0 is supported by the 1359.9 level and faces resistance at 1468.5. This range indicates key levels where the price may find buyers near 1359.9 and sellers near 1468.5, defining a trading range. Support/Resistance for RAINBOW
Aroon: AROON is pointing to a bullish trend, with the Aroon Up increasing and the Aroon Oscillator remaining high. This combination suggests that the upward price trend is likely to continue, with the market expected to maintain its bullish momentum. The high reading of the Aroon Oscillator indicates ongoing strength in the trend. Aroon chart for Rainbow Children's Medicare Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Bolinger Bands chart for Rainbow Children's Medicare Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for RAINBOW. Parabolic Stop and Reverse chart for Rainbow Children's Medicare Limited
Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for RAINBOW. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Stochastic chart for Rainbow Children's Medicare Limited
Tripple Moving Agerage: The moving averages for the 20-50-100 periods indicate a bullish trend, though the slopes of the faster averages suggest that this trend may not last. The weakening signals from the shorter-term averages point to a potential reversal, indicating that the current upward momentum could be approaching a turning point. Tripple SMA chart for Rainbow Children's Medicare Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
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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