Stock analysis Rainbow Childrens Med Ltd RAINBOW
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Recent prices of RAINBOW Rainbow Childrens Med Ltd are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 17 Fri May 2024 | 1341.75 | 1331.05 to 1370.00 | -0.46% | 0.15 times |
| 16 Thu May 2024 | 1348.00 | 1338.80 to 1369.90 | 1.11% | 0.11 times |
| 15 Wed May 2024 | 1333.15 | 1320.95 to 1366.00 | -1.62% | 0.19 times |
| 14 Tue May 2024 | 1355.15 | 1340.00 to 1375.75 | -0.36% | 0.11 times |
| 13 Mon May 2024 | 1360.05 | 1338.15 to 1407.75 | -3.09% | 0.37 times |
| 10 Fri May 2024 | 1403.40 | 1355.55 to 1431.90 | 0.22% | 0.34 times |
| 09 Thu May 2024 | 1400.25 | 1363.75 to 1419.95 | 3.42% | 1.1 times |
| 08 Wed May 2024 | 1354.00 | 1336.00 to 1448.00 | -6.62% | 1.6 times |
| 07 Tue May 2024 | 1449.95 | 1440.00 to 1562.95 | -7.72% | 1.01 times |
| 06 Mon May 2024 | 1571.30 | 1471.15 to 1649.00 | 7.33% | 4.19 times |
| 03 Fri May 2024 | 1464.00 | 1396.00 to 1490.00 | 5.34% | 0.96 times |
| 02 Thu May 2024 | 1389.80 | 1374.10 to 1430.00 | 1.06% | 0.68 times |
Technical analysis forecast for Rainbow Childrens Med Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Rainbow Childrens Med Ltd RAINBOW at this time. Stock is falling and might fall more.
It appears as if Rainbow Childrens Med Ltd RAINBOW gave a large move recently.
Stock of Rainbow Childrens Med Ltd (RAINBOW) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Rainbow Childrens Med Ltd is bearish for shortterm, and stock might move down till 1303.4 or till 1229.6. Use a stoploss of 1364.87 and if the stock hits stoploss, then it can shoot up till 1426.35