DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
NYSE:RDY - New York Stock Exchange, Inc. - US2561352038 - ADR - Currency: USD
We assign a technical rating of 7 out of 10 to RDY. Although RDY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month RDY has a been trading in the 14.61 - 16.17 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
RDY has an average volume of 1744810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, RDY turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
RDY is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, RDY did better than 64% of them.
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.
RDY has an excellent technical rating, but the quality of the setup is only medium 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
13.04
16.15
2 important support areas can be observed.
- A support zone ranging from 14.43 to 14.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.73 to 15.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for RDY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDY is neutral. |
| ChartMill Relative Strength | 51.98 | 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) | 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) | 48.39 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests RDY has a negative trend. |
| Stochastics (14,3) | 11.37 | OVERSOLD | The low Stochastics value suggests RDY may be oversold. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 32.04 | POSITIVE | The high ADX value value for RDY suggests a strong 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)
15.03
-0.04 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.27%
1 Week-1.83%
2 Weeks-4.87%
1 Month2.11%
3 Month21.6%
6 Month-2.66%
12 Month-3.7%
2 Year19.08%
3 Year35.67%
5 Year41.77%
10 Year35.85%
15 Year143.6%
Volatility
ATR(14)0.28
ATR(20)%1.84%
ATR Inc0.83%
Range Today0.17
ADR(20)0.21
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.98
Mansfield-0.55
10 Day High15.89
10 Day Low14.96
20 Day High16.17
20 Day Low14.61
52 Week High16.89
52 Week Low12.26
CS1 End14.59
CR1 Start15.99
Volume & EV
DER(3)2.33%
DER(5)0.01%
Volume1.45M
Volume Incr-12.28%
Vol(5)1.51M
Vol(50)1.74M