KORU MEDICAL SYSTEMS INC (KRMD) Stock Technical Analysis
USA - NASDAQ:KRMD - US7599101026 - Common Stock
4.01 USD
-0.12 (-2.91%)
4.01 USD
0 (0%)
Taking everything into account, KRMD scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
KRMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 85% of 189 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that KRMD is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
In the last month KRMD has a been trading in the 3.72 - 4.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
KRMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.27
4.43
We found 5 important support areas.
- A support zone ranging from 3.93 to 3.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.84 from a horizontal line in the weekly time frame.
- Support @3.77 from a horizontal line in the daily time frame.
- Support @2.37 from a trend line in the weekly time frame.
- Support @2.29 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 4.05 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.21 from a trend line in the daily time frame.
- A resistance zone ranging from 4.29 to 4.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.39 to 4.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for KRMD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KRMD is neutral. |
| ChartMill Relative Strength | 85.47 | POSITIVE | KRMD has a high relative strength, it outperformed 85.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of KRMD is below the rising 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) | 46.13 | NEUTRAL | The RSI value for KRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests KRMD has a negative trend. |
| Stochastics (14,3) | 44.76 | NEUTRAL | The Stochastics value for KRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for KRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for KRMD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.15 | 3.91 | 0.24 (5.76%) | 17.36% |
| An entry @4.15. This is a Buy Stop order right above the resistance zone. | An exit @3.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.24 points, which is 5.76%. | For a 1.00% total portfolio risk, you can invest 17.36% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KRMD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.01
-0.12 (-2.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.91%
1 Week-4.3%
2 Weeks-3.14%
1 Month4.7%
3 Month15.23%
6 Month40.7%
12 Month48.52%
2 Year76.65%
3 Year67.08%
5 Year-27.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%4.67%
ATR Inc-1.02%
Range Today0.2
ADR(20)0.18
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.47
3 months CRS77.44
6 months CRS84.13
Mansfield-0.02
10 Day High4.32
10 Day Low3.92
20 Day High4.4
20 Day Low3.72
52 Week High5.05
52 Week Low1.86
CS1 End3.98
CR1 Start4.05
Volume & EV
DER(3)1.53%
DER(5)2.16%
Volume60.60K
Volume Incr-26.66%
Vol(5)56.88K
Vol(50)80.77K
KORU MEDICAL SYSTEMS INC / KRMD FAQ
What is the ChartMill technical rating of KORU MEDICAL SYSTEMS INC (KRMD) stock?
ChartMill assigns a technical rating of 7 / 10 to KRMD.
What is the current trend direction of KORU MEDICAL SYSTEMS INC (KRMD) stock?
The current trend direction for KORU MEDICAL SYSTEMS INC (KRMD) is Bullish.
Can you provide the RSI signal for KORU MEDICAL SYSTEMS INC?
KORU MEDICAL SYSTEMS INC (KRMD) has an RSI value of 46.1302. This indicates that the stock is currently neutral.
Can you provide the short term momentum for KORU MEDICAL SYSTEMS INC?
The short term momentum for KORU MEDICAL SYSTEMS INC (KRMD) is neutral.
Can you provide the support and resistance levels for KORU MEDICAL SYSTEMS INC?
KORU MEDICAL SYSTEMS INC (KRMD) has a support level at 3.98 and a resistance level at 4.05. Check the full technical report for our detailed analysis of KRMD support and resistance levels.