Overall Technical outlook

Price Summary

On 2025-05-30, Poly Medicure Limited's stock opened at 2280.0, reached a high of 2306.1, dropped to a low of 2240.0, and closed down -0.94% at 2258.6, with a trading volume of 106646 shares.
In the past year, the highest stock price was 3002.35, and the lowest was 1708.8.
Future price predictions suggest a range between 2000.0 and 2850.0, with an average expected price of 2456.0, as per 6 analysts.

Technicals

Support and Resistance: The price for POLYMED at 2258.6 is supported by the 2035.5 level and faces resistance at 2265.75. This range indicates key levels where the price may find buyers near 2035.5 and sellers near 2265.75, defining a trading range.
POLYMED supportResistance f20605
Support/Resistance for POLYMED


Aroon: Aroon's bearish trend persists, with Aroon Down remaining at 100. This consistent downward momentum suggests continued declines, but further analysis is necessary using other indicators to fully comprehend the trend's future direction.
POLYMED aroon f20605
Aroon chart for Poly Medicure Limited


Bol. Bands: The BOLL BANDS 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.
POLYMED bbands f20605
Bolinger Bands chart for Poly Medicure Limited


Parabolic SAR: The PSAR continues to signal a bearish outlook, establishing a resistance level that could act as a ceiling for upward trends. This resistance suggests that the market may struggle to overcome bearish forces, keeping prices under pressure.
POLYMED psar f20605
Parabolic Stop and Reverse chart for Poly Medicure Limited


Stochastic: With the Stochastic K-line below the D-line and under 20, the market shows a mildly bearish trend. This setup suggests possible downward movement, though the bearish sentiment is relatively mild. Traders should keep this in mind and watch for further developments.
POLYMED stoch f20605
Stochastic chart for Poly Medicure Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for POLYMED, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
POLYMED trippleSMA f20605
Tripple SMA chart for Poly Medicure Limited


Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.