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 0 out of 10 in our technical rating. RDY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RDY is a bad performer in the overall market: 68% of all stocks are doing better.
- RDY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- RDY has an average volume of 2192270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RDY is an average performer in the Pharmaceuticals industry, it outperforms 50% of 193 stocks in the same industry.
- In the last month RDY has a been trading in the 12.83 - 14.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDY Weekly and Daily overview Charts
RDY Setup Rating and Analysis
RDY has a poor technical rating and the quality of the setup is also not perfect 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
12.79
We found 2 important support areas.
- Support @13.29 from a horizontal line in the daily time frame.
- A support zone ranging from 12.92 to 13.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 13.33 to 13.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.62 to 14.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.76 to 14.83. 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 | DOWN | NEGATIVE | The long term trend for RDY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDY is down. |
| ChartMill Relative Strength | 32.03 | 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) | DOWN | NEGATIVE | The current price of RDY is below a declining 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) | 42.17 | NEUTRAL | The RSI value for RDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.3 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for RDY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.37 | 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
13.31
+0.05 (+0.38%)
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 0 / 10 to RDY.
What is the trend direction for RDY stock?
The current trend direction for DR. REDDY'S LABORATORIES-ADR (RDY) is Bearish.
What is the RSI signal for DR. REDDY'S LABORATORIES-ADR (RDY) stock?
DR. REDDY'S LABORATORIES-ADR (RDY) has an RSI value of 42.1701. This indicates that the stock is currently neutral.
What is the short term momentum for DR. REDDY'S LABORATORIES-ADR (RDY) stock?
The short term momentum for DR. REDDY'S LABORATORIES-ADR (RDY) is negative.
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 13.29 and a resistance level at 13.33. Check the full technical report for our detailed analysis of RDY support and resistance levels.