DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
USA - NYSE:RDY - US2561352038 - ADR
14.6 USD
-0.27 (-1.82%)
14.6 USD
0 (0%)
Overall RDY gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RDY is a bad performer.
80% of all other stocks performed better in the past year than RDY.
The long and short term trends are both positive. This is looking good!
RDY has an average volume of 1118570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RDY is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, RDY did better than 44% 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.
In the last month RDY has a been trading in the 14.07 - 15.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDY has an average technical rating and the quality of the presented setup is also not ideal 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
13.05
16.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.34 to 14.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.70 to 13.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.18 to 13.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.71 to 14.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @15.46 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 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 | UP | POSITIVE | The short term trend for RDY is up. |
| ChartMill Relative Strength | 20.61 | NEGATIVE | RDY has a low relative strength, it was outperformed by 79.39% 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 | POSITIVE | The current price of RDY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.56 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RDY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.73 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for RDY suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.77 | 14.49 | 0.28 (1.90%) | 25.00% |
| An entry @14.77. This is a Buy Stop order right above the resistance zone. | An exit @14.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.28 points, which is 1.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- The distance between exit and entry is rather small compared to the average daily movement of RDY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.6
-0.27 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.82%
1 Week-0.21%
2 Weeks2.38%
1 Month0.62%
3 Month-3.12%
6 Month10.61%
12 Month-8.37%
2 Year9.17%
3 Year39.47%
5 Year4.95%
10 Year14.22%
15 Year126.57%
Volatility
ATR(14)0.2
ATR(20)%1.36%
ATR Inc10.87%
Range Today0.15
ADR(20)0.16
ADR(20)%1.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.61
Mansfield-0.93
10 Day High15.06
10 Day Low14.5
20 Day High15.06
20 Day Low14.07
52 Week High16.19
52 Week Low12.26
CS1 End14.5
CR1 Start14.71
Volume & EV
DER(3)3.71%
DER(5)0.57%
Volume571.60K
Volume Incr2.63%
Vol(5)839.51K
Vol(50)1.12M