DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDY - US2561352038 - ADR
Taking everything into account, RDY scores 5 out of 10 in our technical rating. In the last year, RDY was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
RDY has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.11, a Stop Loss order could be placed below this zone.
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13.05
3 important support areas can be observed.
- A support zone ranging from 14.00 to 14.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.53 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 14.17 to 14.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @14.76 from a horizontal line in the daily time frame.
- Resistance @15.17 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 | NEUTRAL | NEUTRAL | The long term trend for RDY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDY is up. |
| ChartMill Relative Strength | 27.47 | NEGATIVE | RDY has a low relative strength, it was outperformed by 72.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDY is above 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) | UP | MIXED | The current price of RDY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.54 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RDY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.47 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 11.28 | NEGATIVE | The low ADX value for RDY suggests a weak or negative trend. |
14.16
+0.07 (+0.5%)
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 5 / 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 54.5352. 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 positive.
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 14.11 and a resistance level at 14.17. Check the full technical report for our detailed analysis of RDY support and resistance levels.