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Technicals for Redington Limited
By MusingTheNews
2025-07-16 20:52
Overall Technical outlook
Price Summary
Redington Limited's stock started the year at 309.0, climbed to a high of 313.9, fell to 304.75, and closed 0.19% up at 309.6, with 1537710 shares traded on 2025-07-15. The top price for the stock in the last 52 weeks is 329.7, with the bottom price being 160.48. 4 analysts estimate that the future price of REDINGTON will fall between 158.0 and 320.0, with an average price expectation of approximately 259.5.
Technicals
Support and Resistance: The price of 309.6 is supported at 299.25 and capped by resistance at 325.35. These levels mark key points for Redington Limited where the price could find stability, with 299.25 as a floor and 325.35 as a ceiling. Support/Resistance for REDINGTON
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for Redington Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Redington Limited
Parabolic SAR: The PSAR maintains a bearish outlook, setting a key resistance level that could limit further gains. This resistance reinforces the bearish sentiment, indicating that the market may face challenges in pushing higher. Parabolic Stop and Reverse chart for Redington Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for Redington Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter. Tripple SMA chart for Redington 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.
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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