DR. REDDY'S LABORATORIES-ADR (RDY)

US2561352038 - ADR

70.92  -0.57 (-0.8%)

After market: 70.92 0 (0%)

Technical Rating and Analysis

2

Overall RDY gets a technical rating of 2 out of 10. In the last year, RDY was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

RDY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RDY is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, RDY outperforms 69% of them, which is more or less in line with the market.
RDY is part of the Pharmaceuticals industry. There are 198 other stocks in this industry, RDY did better than 69% of them.
In the last month RDY has a been trading in a tight range between 70.72 and 74.44.
Weekly and Daily overview Charts
RDY Weekly chart
RDY Daily chart
Setup Rating and Analysis

6

RDY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for RDY in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

56.52

78.37

When analyzing the support we can see 4 important areas.

  • Support @67.75 from a horizontal line in the daily time frame.
  • Support @65.76 from a horizontal line in the daily time frame.
  • A support zone ranging from 64.27 to 64.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @57.09 from a trend line in the weekly time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 71.19 to 72.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 73.94 to 74.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 77.59 to 77.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.84
Mansfield-0.43
10 Day High73.16
10 Day Low70.72
20 Day High74.44
20 Day Low70.72
52 Week High77.72
52 Week Low53.12
Performance
1 Week-0.55%
2 Weeks-2.31%
1 Month-2.58%
3 Month1.98%
6 Month9.02%
12 Month17.3%
2 Year32.12%
3 Year2.75%
5 Year69.3%
10 Year57.36%
15 Year547.67%
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)
Technical Indicators
MACD(12,26,9)-0.07
RSI(14)38.61
LBB69.95
UBB74.15
RDY Daily chart

DR. REDDY'S LABORATORIES-ADR

NYSE:RDY (4/24/2024, 6:00:00 PM)

After market: 70.92 0 (0%)

70.92

-0.57 (-0.8%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.8%
1 Week-0.55%
2 Weeks-2.31%
1 Month-2.58%
3 Month1.98%
6 Month9.02%
12 Month17.3%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.86
ATR(20)%1.32%
ATR Inc
Range Today0.85
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High73.16
10 Day Low70.72
20 Day High74.44
20 Day Low70.72
52 Week High77.72
52 Week Low53.12
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume157.26K
Volume Incr-24.3%
Vol(5)130.67K
Vol(50)178.00K