DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDY - US2561352038 - ADR
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.
RDY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.00, a Stop Loss order could be placed below this zone.
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13.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.99 to 14.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.55 to 13.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 14.06 to 14.20. 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 14.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @15.15 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 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 | 30.65 | NEUTRAL | RDY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RDY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RDY is above 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) | 50.7 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 63.83 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 10.03 | NEGATIVE | The low ADX value for RDY suggests a weak or negative trend. |
14.06
-0.05 (-0.35%)
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.
Can you provide the trend direction for DR. REDDY'S LABORATORIES-ADR?
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 50.702. This indicates that the stock is currently neutral.
What is the short term momentum for RDY stock?
The short term momentum for DR. REDDY'S LABORATORIES-ADR (RDY) is neutral.
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 14 and a resistance level at 14.06. Check the full technical report for our detailed analysis of RDY support and resistance levels.