Taking everything into account, RLMD scores 10 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, RLMD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.27, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
3.11
3 important support areas can be observed.
- A support zone ranging from 4.19 to 4.27. 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 4.00 to 4.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.14 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.51 to 4.52. 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 | 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 | 99.86 | POSITIVE | RLMD has a high relative strength, it outperformed 99.86% 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) | 60.47 | NEUTRAL | The RSI value for RLMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests RLMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.8 | NEUTRAL | The Stochastics value for RLMD is a neutral value. |
| Average True Range in percent/ATR (20) | 9.55 | HIGH VOLATILITY | The high ATR as a percentage value for RLMD suggests high volalility. |
| Average Directional Index/ADX (14) | 30.8 | POSITIVE | The high ADX value value for RLMD suggests a strong 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 |
|---|---|---|---|
| 4.53 | 4.18 | 0.35 (7.73%) | 12.94% |
| An entry @4.53. This is a Buy Stop order right above the resistance zone. | An exit @4.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 7.73%. | For a 1.00% total portfolio risk, you can invest 12.94% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RLMD. Please evaluate whether better entry and exit points can be found.
- 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.
4.49
+0.14 (+3.22%)
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 60.4735. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RELMADA THERAPEUTICS INC?
The MACD indicator for RELMADA THERAPEUTICS INC (RLMD) has a value of -0.048259, 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.