Overall Technical outlook

Price Summary

The stock of REDINGTON declined -2.39% today, reflecting a unimpressive market performance.
2025-05-30, saw REDINGTON's stock open at 265.0, hit a peak of 265.75, fall to a low of 256.46, and close lower -2.39% at 258.67, with 3361775 shares changing hands.
The peak price for the stock in the past 52 weeks is 289.88, with the lowest price being 160.48.
The price outlook for REDINGTON is between 158.0 and 280.0, with an average expectation of 233.4, as estimated by 5 analysts.

Technicals

Support and Resistance: The current price of 258.67 is supported at 241.96, with resistance at 261.04. This suggests that the price for REDINGTON might remain between these levels, where 241.96 acts as a floor and 261.04 as a ceiling in the market.
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Support/Resistance for REDINGTON


Aroon: AROON is showing a strong bearish trend, with Aroon Down rising and the Aroon Oscillator remaining depressed. This combination signals a continuation of the downward trend, indicating that bearish momentum is likely to persist. The low level of the Aroon Oscillator suggests further weakness for REDINGTON.
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Aroon chart for Redington Limited


Bol. Bands: The current state of the BOLL BANDS 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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Bolinger Bands chart for Redington Limited


Parabolic SAR: The PSAR continues its bearish trend for Redington Limited, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment.
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Parabolic Stop and Reverse chart for Redington Limited


Stochastic: As the Stochastic K-line falls below the D-line and stays under 20, the market shows signs of a mildly bearish trend. This configuration hints at potential weakness, but the bearish sentiment is relatively weak. Traders should stay alert for any further signs of a downturn.
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Stochastic chart for Redington Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages for REDINGTON are aligned in a bearish pattern, suggesting a downtrend. However, the wavering slopes of the 20 and 50 SMAs indicate that the bearish momentum may be losing strength. This could be a sign that a bullish reversal is on the horizon, as the market's current downward trajectory begins to falter, potentially paving the way for a new uptrend.
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Tripple SMA chart for Redington 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.