Overall Technical outlook

Price Summary

In today's trading, Poly Medicure Limited's stock climbed by 6.62%, showcasing an outstanding market day.
On 2026-03-02, POLYMED's stock opened at 1232.4, reached a peak of 1328.4, dropped to 1225.1, and ended 6.62% up at 1314.0, with a volume of 498080 shares.
Over the previous 52 weeks, the stock reached a high of 2835.2 and a low of 1255.8.
As per recommendations from 6 analysts, POLYMED's future price is expected to span between 1781.0 and 2400.0, with a mean price around 2102.6667.

Technicals

Support and Resistance: The price of 1314.0 is supported at 1289.2 and encounters resistance at 1724.3. This suggests key levels where the price might find stability, with 1289.2 providing a base and 1724.3 acting as an upper boundary for POLYMED.
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Support/Resistance for POLYMED


Aroon: The continuation of Aroon's bearish trend for POLYMED, with Aroon Down still at the 100 level, signals ongoing weakness. To fully assess this trend, it should be explored further in conjunction with other indicators.
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Aroon chart for Poly Medicure Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Bolinger Bands chart for Poly Medicure Limited


Parabolic SAR: The PSAR remains bearish, establishing a resistance level that could cap any potential upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for POLYMED.
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Parabolic Stop and Reverse chart for Poly Medicure Limited


Stochastic: The stochastic indicator for POLYMED shows the K-line crossing over the D-line while remaining below 20, which is generally seen as the start of a bullish move. This setup indicates that the market may be emerging from a lower level, potentially signaling the beginning of an uptrend. Traders could view this as an early buying signal.
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Stochastic chart for Poly Medicure Limited


Tripple Moving Agerage: A bullish trend is reflected in the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a possible reversal. This weakening momentum suggests that while the overall trend is still upward, traders should be cautious of a potential shift in the near future.
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Tripple SMA chart for Poly Medicure Limited


When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.