Taking everything into account, RLMD scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- RLMD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- 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 part of the Pharmaceuticals industry. There are 191 other stocks in this industry. RLMD outperforms 98% of them.
- 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.
Although RLMD has an excellent technical rating, it does not present a decent entry opportunity 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
3.69
We found 2 important support areas.
- Support @3.86 from a trend line in the daily time frame.
- A support zone ranging from 3.73 to 3.73. 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 3.91 to 3.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for RLMD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RLMD is neutral. |
| ChartMill Relative Strength | 99.78 | POSITIVE | RLMD has a high relative strength, it outperformed 99.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RLMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RLMD is below 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) | 45.43 | NEUTRAL | The RSI value for RLMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RLMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.04 | NEUTRAL | The Stochastics value for RLMD is a neutral value. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for RLMD suggests high volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for RLMD suggests a weak or negative trend. |
3.9
-0.06 (-1.52%)
RELMADA THERAPEUTICS INC / RLMD FAQ
What is the technical rating for RLMD stock?
ChartMill assigns a technical rating of 8 / 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 45.4251. 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 -0.0574167, 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 neutral.