DR. REDDY'S LABORATORIES-ADR (RDY) Technical Analysis
NYSE:RDY • US2561352038
Current stock price
RDY Technical Rating and Analysis
Taking everything into account, RDY scores 2 out of 10 in our technical rating. RDY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month RDY has a been trading in the 13.40 - 14.61 range, which is quite wide. It is currently trading near the lows of this range.
- RDY has an average volume of 2126960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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 42% of all stocks.
- RDY is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, RDY did better than 58% of them.
- RDY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDY is lagging the market slightly.
RDY Weekly and Daily overview Charts
RDY Setup Rating and Analysis
The technical rating of RDY is bad and it also does not present a quality setup 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
RDY Support and Resistance Analysis
12.93
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.29 to 13.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.06 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.83 to 14.50. 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 multiple time frames.
- Resistance @15.86 from a horizontal line in the weekly time frame.
RDY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for RDY is down. |
| ChartMill Relative Strength | 42.43 | NEUTRAL | RDY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RDY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RDY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.55 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RDY has a negative trend. |
| Stochastics (14,3) | 25.34 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for RDY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.66 | NEGATIVE | The low ADX value for RDY suggests a weak or negative trend. |
RDY Chart- and CandleStick Pattern Analysis
RDY Technicals: Chart, Performance Metrics, Trend & Indicators
13.48
-0.29 (-2.11%)
DR. REDDY'S LABORATORIES-ADR / RDY TA FAQ
What is the ChartMill technical rating of DR. REDDY'S LABORATORIES-ADR (RDY) stock?
ChartMill assigns a technical rating of 2 / 10 to RDY.
What is the current trend direction of DR. REDDY'S LABORATORIES-ADR (RDY) stock?
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 38.5475. This indicates that the stock is currently neutral.
What is the MACD signal for RDY stock?
The MACD indicator for DR. REDDY'S LABORATORIES-ADR (RDY) has a value of -0.0822707, indicating a bearish trend.