DR. REDDY'S LABORATORIES-ADR (RDY) Technical Analysis
NYSE:RDY • US2561352038
Current stock price
RDY Technical Rating and Analysis
Taking everything into account, RDY scores 2 out of 10 in our technical rating. RDY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- RDY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDY is lagging the market.
- In the last month RDY has a been trading in the 13.03 - 14.61 range, which is quite wide. It is currently trading near the lows of this range.
- RDY has an average volume of 2176450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, RDY outperforms 43% of them, which is more or less in line with the market.
- RDY is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, RDY did better than 51% of them.
RDY Weekly and Daily overview Charts
RDY Setup Rating and Analysis
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
RDY Support and Resistance Analysis
12.94
We found 2 important support areas.
- Support @13.29 from a horizontal line in the daily time frame.
- Support @13.07 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- Resistance @13.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 13.86 to 14.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.76 to 14.86. 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.
RDY Technical Indicator Signal Analysis
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 | 43.69 | NEUTRAL | RDY is not amongst the best or worst performers 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) | UP | MIXED | The current price of RDY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RDY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.79 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RDY has a negative trend. |
| Stochastics (14,3) | 25.06 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for RDY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for RDY suggests a weak or negative trend. |
RDY Chart- and CandleStick Pattern Analysis
RDY Technicals: Chart, Performance Metrics, Trend & Indicators
13.32
-0.15 (-1.11%)
DR. REDDY'S LABORATORIES-ADR / RDY TA FAQ
What is the ChartMill technical rating of DR. REDDY'S LABORATORIES-ADR (RDY) stock?
ChartMill assigns a technical rating of 2 / 10 to RDY.
What is the trend direction for RDY stock?
The current trend direction for DR. REDDY'S LABORATORIES-ADR (RDY) is Bearish.
What is the RSI signal for DR. REDDY'S LABORATORIES-ADR (RDY) stock?
DR. REDDY'S LABORATORIES-ADR (RDY) has an RSI value of 38.7907. This indicates that the stock is currently neutral.
What is the short term momentum for DR. REDDY'S LABORATORIES-ADR (RDY) stock?
The short term momentum for DR. REDDY'S LABORATORIES-ADR (RDY) is negative.
Can you provide the support and resistance levels for DR. REDDY'S LABORATORIES-ADR?
DR. REDDY'S LABORATORIES-ADR (RDY) has a support level at 13.29 and a resistance level at 13.33. Check the full technical report for our detailed analysis of RDY support and resistance levels.