(Rainbow) Rainbow complete technical analysis [charts+indicators] | Buy/Sell Rainbow | (Rainbow) share price targets
Complete technical analysis of Rainbow (Rainbow) by charts plus indicators, forecast predictions and share price targets for Rainbow (Rainbow)
10 day averaged volume of Rainbow is 17294
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 1346.25 | 1332.30 | 1369.00 | 1332.30 | 0.544 times |
| 15 Wed May 2024 | 1334.85 | 1379.95 | 1379.95 | 1330.00 | 0.144 times |
| 14 Tue May 2024 | 1354.70 | 1385.95 | 1385.95 | 1341.65 | 0.282 times |
| 13 Mon May 2024 | 1360.40 | 1385.05 | 1385.95 | 1338.05 | 0.363 times |
| 10 Fri May 2024 | 1402.70 | 1407.95 | 1432.35 | 1356.00 | 0.602 times |
My analysis of stock is bearish for shortterm, and stock might move down till 1306.7 or till 1229.1. Use a stoploss of 1371.33 and if the stock hits stoploss, then it can shoot up till 1436
Share price targets for Rainbow (Rainbow)
| Target Type | Value |
| Downside Target | 1092.00 |
| Downside Target | 1171.75 |
| Downside Target | 1250.05 |
| Downside Target | 1276.20 |
| Downside Target | 1328.55 |
| Upside Target | 1385.95 |
| Upside Target | 1393.00 |
| Upside Target | 1401.15 |
| Upside Target | 1488.45 |
| Upside Target | 1490.00 |
| Upside Target | 1649.00 |
Intraday share price targets for Rainbow (Rainbow)
| Target Type | Value |
| Downside Intraday Target | 1322.18 |
| Downside Intraday Target | 1298.12 |
| Upside Intraday Target | 1378.13 |
| Upside Intraday Target | 1410.02 |
| Upside Intraday Target | 1354.07 |
Weekly technical analysis of Rainbow (Rainbow)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 1346.25 | 1385.05 | 1385.95 | 1330.00 | 0.175 times |
| 10 Fri May 2024 | 1402.70 | 1490.30 | 1649.00 | 1335.05 | 3.312 times |
| 03 Fri May 2024 | 1461.55 | 1369.40 | 1490.00 | 1334.15 | 1.77 times |
| 26 Fri Apr 2024 | 1343.85 | 1297.45 | 1366.35 | 1276.20 | 1.178 times |
| 19 Fri Apr 2024 | 1303.30 | 1250.05 | 1343.45 | 1250.05 | 0.837 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Rainbow (Rainbow)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 1346.25 | 1385.00 | 1649.00 | 1330.00 | 1.417 times |
| 30 Tue Apr 2024 | 1374.45 | 1298.55 | 1393.00 | 1250.05 | 0.468 times |
| 28 Thu Mar 2024 | 1298.00 | 1330.15 | 1401.15 | 1092.00 | 1.007 times |
| 29 Thu Feb 2024 | 1356.25 | 1222.50 | 1488.45 | 1171.75 | 1.368 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Rainbow (Rainbow)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 19, 9 | Buy |
| MACD | 35, 52 | Sell |
| Stochastics | 4 | Sell |
| CCI | -72 | Buy |
| RSI | 48 | Sell |
| OBV | 75685 | Sell |
| VWAP | 1453 | Sell |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Rainbow ( (Rainbow) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Rainbow ( (Rainbow) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Rainbow ( (Rainbow) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Rainbow ( (Rainbow) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Rainbow stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Rainbow in short term but the sell signal is initial and weak.
Rainbow Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Rainbow in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Rainbow is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1453.29 and Rainbow (Rainbow) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Rainbow (Rainbow) stock. Volume based technical analysis of Rainbow (Rainbow) stock is negative.
Rainbow Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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