Overall Technical outlook

Price Summary

On 2025-05-30, RAINBOW's stock began at 1404.0, peaked at 1445.0, dipped to 1388.0, and closed up -0.11% at 1402.5, with a volume of 246290 shares.
The highest price the stock achieved in the past 52 weeks is 1677.25, while the lowest price it saw is 1105.1.
Future price predictions suggest a range between 1474.0 and 1785.0, with an average expected price of 1636.9, as per 10 analysts.

Technicals

Support and Resistance: The price is currently at 1402.5, supported by 1401.7 and resisted by 1488.55. This indicates a range where 1401.7 may provide a base for the price, while 1488.55 serves as a cap on further upward movement for RAINBOW.
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Support/Resistance for RAINBOW


Aroon: The continuation of Aroon's bullish trend, with Aroon Up holding at the 100 level, points to strong market momentum. However, to fully understand the trend's implications, it should be analyzed further in conjunction with other indicators.
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Aroon chart for Rainbow Children's Medicare 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 Rainbow Children's Medicare Limited


Parabolic SAR: The PSAR for RAINBOW maintains its bullish outlook, setting a strong support level that could underpin further gains. This suggests that the market is likely to continue its upward trajectory, with the established support providing a safety net for ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Rainbow Children's Medicare Limited


Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Stochastic chart for Rainbow Children's Medicare Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bullish trend, reinforced by their upward slopes. This indicates a mildly bullish overall trend for RAINBOW, pointing to a market environment where gains are expected to be modest but consistent. The trend is positive, but the pace of growth is likely to be moderate, reflecting a stable and cautiously optimistic outlook.
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Tripple SMA chart for Rainbow Children's Medicare Limited


To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.