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 9 out of 10 to RDY. Both in the recent history as in the last year, RDY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
RDY is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 81% of 195 stocks in the same industry.
RDY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RDY is lagging the market slightly.
In the last month RDY has a been trading in the 14.20 - 16.17 range, which is quite wide. It is currently trading near the high of this range.
RDY has an average volume of 2106860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RDY is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although RDY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.90
16.33
2 important support areas can be observed.
- Support @16.07 from a horizontal line in the daily time frame.
- A support zone ranging from 14.04 to 14.44. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 84.43 | POSITIVE | RDY has a high relative strength, it outperformed 84.43% 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) | DOWN | MIXED | The current price of RDY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 80.69 | OVERBOUGHT | The high RSI value suggests RDY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests RDY has a positive trend. |
| Stochastics (14,3) | 96.8 | OVERBOUGHT | The high Stochastics value suggests RDY may be overbought. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
| Average Directional Index/ADX (14) | 40.46 | 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)
16.17
+0.24 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.51%
1 Week4.12%
2 Weeks9.63%
1 Month14.36%
3 Month27.52%
6 Month11.83%
12 Month12.53%
2 Year28.11%
3 Year45.97%
5 Year52.52%
10 Year46.15%
15 Year162.08%
Volatility
ATR(14)0.25
ATR(20)%1.42%
ATR Inc-10.15%
Range Today0.28
ADR(20)0.18
ADR(20)%1.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.43
Mansfield0.34
10 Day High16.17
10 Day Low14.61
20 Day High16.17
20 Day Low14.2
52 Week High16.89
52 Week Low12.26
CS1 End16.07
CR1 StartN/A
Volume & EV
DER(3)-0.62%
DER(5)-0.06%
Volume2.19M
Volume Incr8.76%
Vol(5)1.83M
Vol(50)2.11M