DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDY - US2561352038 - ADR
13.68 USD
-0.03 (-0.22%)
13.41 USD
-0.27 (-1.97%)
Overall RDY gets a technical rating of 1 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 72% of all other stocks performed better in the past year than RDY.
- RDY has an average volume of 1253150 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 50% of 191 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 12.81 - 14.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- 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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.54
16.02
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.81 to 14.00. 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 | NEUTRAL | NEUTRAL | The short term trend for RDY is neutral. |
| ChartMill Relative Strength | 28.14 | NEGATIVE | RDY has a low relative strength, it was outperformed by 71.86% 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 | MIXED | The current price of RDY is below the rising 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) | 51.79 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RDY has a positive trend. |
| Stochastics (14,3) | 56.64 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for RDY suggests a possible start of a new 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)
13.68
-0.03 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.22%
1 Week4.51%
2 Weeks2.47%
1 Month-3.87%
3 Month-6.17%
6 Month-6.75%
12 Month-2.36%
2 Year-4.93%
3 Year27.14%
5 Year11.62%
10 Year52.24%
15 Year91.38%
Volatility
ATR(14)0.27
ATR(20)%1.78%
ATR Inc93.97%
Range Today0.28
ADR(20)0.2
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.14
3 months CRS26.06
6 months CRS24.66
Mansfield-1.19
10 Day High13.95
10 Day Low12.81
20 Day High14.2
20 Day Low12.81
52 Week High16.17
52 Week Low12.26
CS1 EndN/A
CR1 Start13.81
Volume & EV
DER(3)1.78%
DER(5)1.45%
Volume1.83M
Volume Incr122.16%
Vol(5)2.53M
Vol(50)1.25M
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 1 / 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 51.792. 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 0.0181796, indicating a bearish trend.