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(Rnbowdenim) Rnbowdenim complete technical analysis [charts+indicators] | Buy/Sell Rnbowdenim | (Rnbowdenim) share price targets

Complete technical analysis of Rnbowdenim (Rnbowdenim) by charts plus indicators, forecast predictions and share price targets for Rnbowdenim (Rnbowdenim)

Showing technical analysis as on 2022-05-17 View latest technical analysis

10 day averaged volume of Rnbowdenim is 6360

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 4.49 4.10 4.49 4.10 1.103 times
16 Mon May 2022 4.28 4.28 4.28 4.28 1.041 times
13 Fri May 2022 4.50 4.51 4.52 4.47 0.426 times
12 Thu May 2022 4.70 5.00 5.00 4.67 0.634 times
11 Wed May 2022 4.91 4.91 5.40 4.91 0.604 times
10 Tue May 2022 5.16 5.17 5.17 5.16 1.003 times
09 Mon May 2022 5.43 5.43 5.43 5.43 1.209 times
06 Fri May 2022 5.71 5.71 5.71 5.71 0.531 times
05 Thu May 2022 6.01 6.01 6.01 6.01 0.22 times
04 Wed May 2022 6.32 6.98 6.98 6.32 2.125 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4.7, but if it comes above 4.7, then a intra day buy could be more profitable.
If you take a sell trade below 4.7, then use 4.7 as stoploss and 3.9 as target. However if you take a buy trade in stock , then use 4.7 as stoploss and 5.37 as target.

Share price targets for Rnbowdenim (Rnbowdenim)

Target Type Value
Downside Target 4.10
Downside Target 4.45
Upside Target 4.68
Upside Target 4.83
Upside Target 5.10
Upside Target 5.43
Upside Target 5.60
Upside Target 6.35
Upside Target 6.98
Upside Target 7.29
Upside Target 8.19
Upside Target 8.27
Upside Target 10.25

Intraday share price targets for Rnbowdenim (Rnbowdenim)

Target Type Value
Downside Intraday Target 4.23
Downside Intraday Target 3.97
Upside Intraday Target 4.62
Upside Intraday Target 4.75
Downside Intraday Target 4.36

Weekly technical analysis of Rnbowdenim (Rnbowdenim)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 4.49 4.28 4.49 4.10 0.553 times
13 Fri May 2022 4.50 5.43 5.43 4.47 0.763 times
06 Fri May 2022 5.71 6.66 6.98 5.71 0.783 times
29 Fri Apr 2022 6.35 5.10 6.35 5.10 1.977 times
22 Fri Apr 2022 5.07 5.62 5.62 4.83 3.066 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 Rnbowdenim (Rnbowdenim)

Date Monthly Closing Price Open High Low Volume
17 Tue May 2022 4.49 6.66 6.98 4.10 0.522 times
29 Fri Apr 2022 6.35 6.86 7.29 4.83 0.739 times
31 Thu Mar 2022 7.22 4.89 8.27 4.45 1.19 times
28 Mon Feb 2022 4.68 7.03 8.19 4.68 0.597 times

Scroll below to view daily charts

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 Rnbowdenim (Rnbowdenim)

Indicator Name Indicator Value Indicator Signal
ADX 24, 50, 36 Sell
MACD -1, -1Sell
Stochastics 5Sell
CCI -93Buy
RSI 49Sell
OBV -2220Sell
VWAP 5Sell
ADL 0Sell
ROC -32Sell
Force Index 0Sell

Price action analysis of Rnbowdenim ( (Rnbowdenim) ) 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 Rnbowdenim ( (Rnbowdenim) ) 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 Rnbowdenim ( (Rnbowdenim) ) based on a short to mid 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 Rnbowdenim ( (Rnbowdenim) ) based on a mid to longer term time period is

ADX buy sell signal for Rnbowdenim stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Rnbowdenim in short term and the sell signal is strong.

Rnbowdenim Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Rnbowdenim 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 negative zone. This is the SELL zone

Stock of Rnbowdenim is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.26 and Rnbowdenim (Rnbowdenim) 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 Rnbowdenim (Rnbowdenim) stock. Volume based technical analysis of Rnbowdenim (Rnbowdenim) stock is negative.

Rnbowdenim 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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Daily charts

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Daily chart

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