DR. REDDY'S LABORATORIES-ADR (RDY) Stock Technical Analysis
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.
When comparing the yearly performance of all stocks, RDY is a bad performer in the overall market: 73% of all stocks are doing better.
RDY has an average volume of 1524860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
RDY is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, RDY did better than 48% 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 14.33 - 15.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.14
16.12
We found 1 important support area.
- A support zone ranging from 14.28 to 14.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.66 to 15.96. 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 | 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. |
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)
14.67
-0.04 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.27%
1 Week1.31%
2 Weeks1.1%
1 Month-4.31%
3 Month6.38%
6 Month4.71%
12 Month-9.69%
2 Year6.8%
3 Year42.43%
5 Year20.64%
10 Year13.99%
15 Year153.72%
Volatility
ATR(14)0.24
ATR(20)%1.58%
ATR Inc-17%
Range Today0.15
ADR(20)0.19
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.97
Mansfield-0.93
10 Day High15.03
10 Day Low14.33
20 Day High15.25
20 Day Low14.33
52 Week High16.89
52 Week Low12.26
CS1 End14.62
CR1 Start15.66
Volume & EV
DER(3)3.56%
DER(5)2.44%
Volume1.11M
Volume Incr15.39%
Vol(5)1.60M
Vol(50)1.52M