DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDY - US2561352038 - ADR
Taking everything into account, RDY scores 0 out of 10 in our technical rating. RDY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RDY is a bad performer in the overall market: 76% of all stocks are doing better.
- RDY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RDY has a been trading in the 12.81 - 14.32 range, which is quite wide. It is currently trading near the lows of this range.
- RDY has an average volume of 1167780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RDY is an average performer in the Pharmaceuticals industry, it outperforms 48% of 191 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
The technical rating of RDY 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
13.15
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.66 to 14.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.76 to 15.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.86 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RDY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDY is down. |
| ChartMill Relative Strength | 24.61 | NEGATIVE | RDY has a low relative strength, it was outperformed by 75.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RDY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.83 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.08 | OVERSOLD | The low Stochastics value suggests RDY may be oversold. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 21.86 | NEUTRAL | The ADX value for RDY suggests a possible start of a new trend. |
13.28
+0.34 (+2.63%)
DR. REDDY'S LABORATORIES-ADR / RDY FAQ
What is the ChartMill technical rating of DR. REDDY'S LABORATORIES-ADR (RDY) stock?
ChartMill assigns a technical rating of 0 / 10 to RDY.
What is the current trend direction of DR. REDDY'S LABORATORIES-ADR (RDY) stock?
The current trend direction for DR. REDDY'S LABORATORIES-ADR (RDY) is Bearish.
What is the RSI signal for RDY stock?
DR. REDDY'S LABORATORIES-ADR (RDY) has an RSI value of 40.8328. This indicates that the stock is currently neutral.
What is the MACD signal for RDY stock?
The MACD indicator for DR. REDDY'S LABORATORIES-ADR (RDY) has a value of -0.065327, indicating a bearish trend.
Can you provide the buy/sell signal for DR. REDDY'S LABORATORIES-ADR?
The buy/sell signal for DR. REDDY'S LABORATORIES-ADR (RDY) is sell as both the short term and long term trends are negative.