RESMED INC (RMD) Stock Technical Analysis
NYSE:RMD • US7611521078
Taking everything into account, RMD scores 3 out of 10 in our technical rating. RMD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- RMD has an average volume of 1088340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, RMD turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- RMD is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, RMD did better than 69% of them.
- RMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RMD is lagging the market.
- In the last month RMD has a been trading in the 245.21 - 277.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 244.46, a Stop Loss order could be placed below this zone.
More info and screens
227.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 240.86 to 244.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @229.91 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 253.35 to 258.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 268.87 to 279.46. 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 RMD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RMD is neutral. |
| ChartMill Relative Strength | 48.54 | NEUTRAL | RMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RMD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RMD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.45 | NEUTRAL | The RSI value for RMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests RMD has a negative trend. |
| Stochastics (14,3) | 36.01 | NEUTRAL | The Stochastics value for RMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for RMD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.59 | NEGATIVE | The low ADX value for RMD suggests a weak or negative trend. |
251.63
-9.16 (-3.51%)
RESMED INC / RMD FAQ
What is the ChartMill technical rating of RESMED INC (RMD) stock?
ChartMill assigns a technical rating of 3 / 10 to RMD.
Can you provide the trend direction for RESMED INC?
The current trend direction for RESMED INC (RMD) is Bearish.
What is the RSI signal for RMD stock?
RESMED INC (RMD) has an RSI value of 45.449. This indicates that the stock is currently neutral.
What is the short term momentum for RMD stock?
The short term momentum for RESMED INC (RMD) is neutral.
What are the support and resistance levels for RESMED INC (RMD) stock?
RESMED INC (RMD) has a support level at 244.46 and a resistance level at 253.35. Check the full technical report for our detailed analysis of RMD support and resistance levels.