Taking everything into account, KRMD scores 8 out of 10 in our technical rating. In the last year, KRMD was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that KRMD is one of the better performing stocks in the market, outperforming 88% of all stocks.
- KRMD is part of the Health Care Equipment & Supplies industry. There are 186 other stocks in this industry. KRMD outperforms 87% of them.
- KRMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KRMD is lagging the market slightly.
- In the last month KRMD has a been trading in the 5.13 - 6.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, KRMD also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.50, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.50 to 5.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.23 from a trend line in the daily time frame.
- Support @4.04 from a trend line in the daily time frame.
- Support @3.78 from a horizontal line in the daily time frame.
- Support @2.29 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.67 to 5.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.83 to 5.90. 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 | 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 | 88.93 | POSITIVE | KRMD has a high relative strength, it outperformed 88.93% off all stocks 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) | UP | POSITIVE | The current price of KRMD is above the rising 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) | 46.37 | NEUTRAL | The RSI value for KRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests KRMD has a negative trend. |
| Stochastics (14,3) | 34.58 | NEUTRAL | The Stochastics value for KRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.77 | HIGH VOLATILITY | The high ATR as a percentage value for KRMD suggests high volalility. |
| Average Directional Index/ADX (14) | 26.07 | POSITIVE | The high ADX value value for KRMD suggests a strong trend. |
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 |
|---|---|---|---|
| 5.69 | 5.49 | 0.20 (3.51%) | 25.00% |
| An entry @5.69. This is a Buy Stop order right above the resistance zone. | An exit @5.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 3.51%. | For a 0.88% total portfolio risk, you can invest 25.00% 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.
5.51
-0.16 (-2.82%)
KORU MEDICAL SYSTEMS INC / KRMD FAQ
What is the technical rating for KRMD stock?
ChartMill assigns a technical rating of 8 / 10 to KRMD.
What is the trend direction for 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 46.3671. 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 -0.0682071, indicating a bearish trend.
What is the short term momentum for KRMD stock?
The short term momentum for KORU MEDICAL SYSTEMS INC (KRMD) is neutral.