USA - NYSE:RDY - US2561352038 - ADR
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.
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.
13.05
When analyzing the support we can see 2 important areas.
We can see 3 important resistance areas.
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. |
14.36
+0.02 (+0.14%)