KORU MEDICAL SYSTEMS INC (KRMD) Stock Technical Analysis
NASDAQ:KRMD • US7599101026
We assign a technical rating of 1 out of 10 to KRMD. KRMD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month KRMD has a been trading in the 4.31 - 5.84 range, which is quite wide. It is currently trading near the lows of this range.
- KRMD is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry. KRMD outperforms 79% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, KRMD outperforms 67% of them, which is more or less in line with the market.
- KRMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KRMD is lagging the market.
The technical rating of KRMD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.27
5 important support areas can be observed.
- A support zone ranging from 4.66 to 4.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.35 to 4.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.20 from a trend line in the daily time frame.
- Support @2.43 from a trend line in the weekly time frame.
- Support @2.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.75 to 4.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.28 from a trend line in the daily time frame.
- A resistance zone ranging from 5.50 to 5.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for KRMD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KRMD is down. |
| ChartMill Relative Strength | 67.83 | NEUTRAL | KRMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KRMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KRMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KRMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.39 | NEUTRAL | The RSI value for KRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests KRMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27 | NEUTRAL | The Stochastics value for KRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for KRMD suggests high volalility. |
| Average Directional Index/ADX (14) | 32.87 | POSITIVE | The high ADX value value for KRMD suggests a strong trend. |
4.74
+0.05 (+1.07%)
KORU MEDICAL SYSTEMS INC / KRMD FAQ
What is the technical rating for KRMD stock?
ChartMill assigns a technical rating of 1 / 10 to KRMD.
What is the trend direction for KRMD stock?
The current trend direction for KORU MEDICAL SYSTEMS INC (KRMD) is Bearish.
Can you provide the RSI signal for KORU MEDICAL SYSTEMS INC?
KORU MEDICAL SYSTEMS INC (KRMD) has an RSI value of 39.3931. This indicates that the stock is currently neutral.
What is the MACD signal for KRMD stock?
The MACD indicator for KORU MEDICAL SYSTEMS INC (KRMD) has a value of -0.0203278, indicating a bearish trend.
What is the short term momentum for KRMD stock?
The short term momentum for KORU MEDICAL SYSTEMS INC (KRMD) is negative.