KORU MEDICAL SYSTEMS INC (KRMD) Stock Technical Analysis
USA - NASDAQ:KRMD - US7599101026 - Common Stock
Taking everything into account, KRMD scores 5 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.
Although the technical rating is only medium, KRMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.87, a Stop Loss order could be placed below this zone.
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2.27
4 important support areas can be observed.
- A support zone ranging from 3.84 to 3.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 4.06 to 4.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.19 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 | DOWN | NEGATIVE | The short term trend for KRMD is down. |
| ChartMill Relative Strength | 85.41 | POSITIVE | KRMD has a high relative strength, it outperformed 85.41% 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) | 44.78 | NEUTRAL | The RSI value for KRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests KRMD has a negative trend. |
| Stochastics (14,3) | 18.15 | OVERSOLD | The low Stochastics value suggests KRMD may be oversold. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for KRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.96 | NEGATIVE | The low ADX value for KRMD suggests a weak or negative trend. |
3.96
+0.06 (+1.54%)
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 5 / 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 44.7805. 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 negative.
Can you provide the support and resistance levels for KORU MEDICAL SYSTEMS INC?
KORU MEDICAL SYSTEMS INC (KRMD) has a support level at 3.87 and a resistance level at 4.06. Check the full technical report for our detailed analysis of KRMD support and resistance levels.