RELMADA THERAPEUTICS INC (RLMD) Stock Technical Analysis
NASDAQ:RLMD • US75955J4022
We assign a technical rating of 9 out of 10 to RLMD. Both in the recent history as in the last year, RLMD 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.
- When comparing the yearly performance of all stocks, we notice that RLMD is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, RLMD also shows a nice and consistent pattern of rising prices.
- RLMD is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 99% of 192 stocks in the same industry.
- RLMD 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 RLMD is lagging the market slightly.
- In the last month RLMD has a been trading in the 3.22 - 4.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RLMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for RLMD in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.50
2 important support areas can be observed.
- Support @3.73 from a trend line in the daily time frame.
- A support zone ranging from 3.54 to 3.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @4.37 from a horizontal line in the daily time frame.
- Resistance @4.52 from a horizontal line in the weekly 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 | 99.89 | POSITIVE | RLMD has a high relative strength, it outperformed 99.89% 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) | DOWN | NEGATIVE | The current price of RLMD is below a declining 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) | 51.19 | NEUTRAL | The RSI value for RLMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RLMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.26 | NEUTRAL | The Stochastics value for RLMD is a neutral value. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for RLMD suggests high volalility. |
| Average Directional Index/ADX (14) | 13.05 | NEGATIVE | The low ADX value for RLMD suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.38 | 3.72 | 0.66 (15.07%) | 6.64% |
| An entry @4.38. This is a Buy Stop order right above the resistance zone. | An exit @3.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.66 points, which is 15.07%. | When investing 6.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.03
-0.1 (-2.42%)
RELMADA THERAPEUTICS INC / RLMD FAQ
What is the technical rating for RLMD stock?
ChartMill assigns a technical rating of 9 / 10 to RLMD.
What is the trend direction for 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 51.1901. This indicates that the stock is currently neutral.
What is the MACD signal for RELMADA THERAPEUTICS INC (RLMD) stock?
The MACD indicator for RELMADA THERAPEUTICS INC (RLMD) has a value of 0.0402849, indicating a bearish trend.
Can you provide the short term momentum for RELMADA THERAPEUTICS INC?
The short term momentum for RELMADA THERAPEUTICS INC (RLMD) is positive.