Taking everything into account, RLMD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RLMD is showing a nice and steady performance.
Although RLMD has an excellent technical rating, it does not offer a high quality setup 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.
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2.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.18 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.67 to 2.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.58 from a trend line in the daily time frame.
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 RLMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLMD is up. |
| ChartMill Relative Strength | 98.6 | POSITIVE | RLMD has a high relative strength, it outperformed 98.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RLMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.59 | OVERBOUGHT | The high RSI value suggests RLMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RLMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.67 | NEUTRAL | The Stochastics value for RLMD is a neutral value. |
| Average True Range in percent/ATR (20) | 11.22 | HIGH VOLATILITY | The high ATR as a percentage value for RLMD suggests high volalility. |
| Average Directional Index/ADX (14) | 45.68 | POSITIVE | The high ADX value value for RLMD suggests a strong trend. |
4.51
+0.32 (+7.64%)
RELMADA THERAPEUTICS INC / RLMD FAQ
What is the ChartMill technical rating of RELMADA THERAPEUTICS INC (RLMD) stock?
ChartMill assigns a technical rating of 10 / 10 to RLMD.
What is the current trend direction of RELMADA THERAPEUTICS INC (RLMD) stock?
The current trend direction for RELMADA THERAPEUTICS INC (RLMD) is Bullish.
What is the RSI signal for RELMADA THERAPEUTICS INC (RLMD) stock?
RELMADA THERAPEUTICS INC (RLMD) has an RSI value of 77.5871. This indicates that the stock is currently overbought.
Can you provide the MACD signal for RELMADA THERAPEUTICS INC?
The MACD indicator for RELMADA THERAPEUTICS INC (RLMD) has a value of 0.0307796, indicating a bearish trend.
What is the buy/sell signal for RLMD stock?
The buy/sell signal for RELMADA THERAPEUTICS INC (RLMD) is buy as both the short term and long term trends are positive.