NYSE:RDY - New York Stock Exchange, Inc. - US2561352038 - ADR - Currency: USD
Taking everything into account, RDY scores 2 out of 10 in our technical rating. In the last year, RDY was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
RDY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 14.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RDY in the last couple of days, which is a good sign.
14.14
We found 1 important support area.
We found 1 important resistance area.
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 | 27.97 | NEGATIVE | RDY has a low relative strength, it was outperformed by 72.03% off all stocks 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 | MIXED | The current price of RDY is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 46.88 | NEUTRAL | The RSI value for RDY is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RDY has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 39.74 | NEUTRAL | The Stochastics value for RDY is a neutral value. |
Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for RDY suggests low volalility. |
Average Directional Index/ADX (14) | 15.21 | NEGATIVE | The low ADX value for RDY suggests a weak or negative trend. |
14.67
-0.04 (-0.27%)