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Technicals for Raymond Limited
By MusingTheNews
2026-02-03 20:54
Overall Technical outlook
Price Summary
On 2026-02-03, Raymond Limited's stock opened at 419.15, spiked to 428.25, declined to 403.75, and closed -1.96% down at 410.95, with 1354074 shares traded. Over the previous 52 weeks, the stock reached a high of 1576.9 and a low of 369.7.
Technicals
Support and Resistance: The price of 410.95 is supported at 404.2 and capped by resistance at 424.85. These levels mark key points for Raymond Limited where the price could find stability, with 404.2 as a floor and 424.85 as a ceiling. Support/Resistance for RAYMOND
Aroon: The bullish trend indicated by Aroon persists, with Aroon Up holding at the 100 level for RAYMOND. This shows strong upward momentum, but further analysis using additional indicators is necessary to determine the trend's sustainability and future potential. Aroon chart for Raymond Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for RAYMOND. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for Raymond Limited
Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for Raymond Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for Raymond Limited
Tripple Moving Agerage: The 20-50-100 period moving averages suggest a bullish trend, though the weakening slopes of the shorter-term averages raise concerns about a potential reversal. While the overall momentum is still upward, the indications from the faster averages suggest that the trend might be nearing its end, warranting caution. Tripple SMA chart for Raymond 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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