DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
USA - NYSE:RDY - US2561352038 - ADR
14.36 USD
+0.02 (+0.14%)
14.36 USD
0 (0%)
Overall RDY gets a technical rating of 2 out of 10. 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.
74% of all other stocks performed better in the past year than RDY.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
RDY is an average performer in the Pharmaceuticals industry, it outperforms 48% of 195 stocks in the same industry.
RDY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RDY is lagging the market.
In the last month RDY has a been trading in the 13.84 - 15.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.33, a Stop Loss order could be placed below this zone. 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
13.05
16.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.87 to 14.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.18 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 14.39 to 14.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.39 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.81 to 15.86. 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 | NEUTRAL | NEUTRAL | The long term trend for RDY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDY is neutral. |
| ChartMill Relative Strength | 26.41 | NEGATIVE | RDY has a low relative strength, it was outperformed by 73.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RDY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.76 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RDY has a positive trend. |
| Stochastics (14,3) | 54.48 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 14.19 | NEGATIVE | The low ADX value for RDY 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)
14.36
+0.02 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.14%
1 Week1.92%
2 Weeks2.79%
1 Month-1.85%
3 Month-0.83%
6 Month5.05%
12 Month-9.88%
2 Year10.24%
3 Year32.2%
5 Year10.79%
10 Year10.82%
15 Year89.8%
Volatility
ATR(14)0.21
ATR(20)%1.45%
ATR Inc36.98%
Range Today0.2
ADR(20)0.19
ADR(20)%1.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.41
Mansfield-0.9
10 Day High14.48
10 Day Low13.84
20 Day High15.06
20 Day Low13.84
52 Week High16.17
52 Week Low12.26
CS1 End14.33
CR1 Start14.39
Volume & EV
DER(3)-2.26%
DER(5)-1.61%
Volume1.05M
Volume Incr3.6%
Vol(5)983.14K
Vol(50)962.50K