RESMED INC (RMD) Stock Technical Analysis
NYSE:RMD - New York Stock Exchange, Inc. - US7611521078 - Common Stock - Currency: USD
Taking everything into account, RMD scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, RMD has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that RMD is one of the better performing stocks in the market, outperforming 79% of all stocks.
RMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 81% of 187 stocks in the same industry.
RMD 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 RMD is lagging the market slightly.
In the last month RMD has a been trading in a tight range between 248.20 and 261.08.
Besides having an excellent technical rating, RMD also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 254.10, a Stop Loss order could be placed below this zone.
More info and screens
208.23
260.66
4 important support areas can be observed.
- A support zone ranging from 254.10 to 254.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @240.71 from a horizontal line in the daily time frame.
- Support @219.27 from a trend line in the weekly time frame.
- Support @210.33 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 254.90 to 258.08. 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 RMD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RMD is neutral. |
| ChartMill Relative Strength | 79.79 | POSITIVE | RMD has a high relative strength, it outperformed 79.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RMD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.25 | NEUTRAL | The RSI value for RMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests RMD has a negative trend. |
| Stochastics (14,3) | 45.68 | NEUTRAL | The Stochastics value for RMD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for RMD suggests low volalility. |
| Average Directional Index/ADX (14) | 17.59 | NEGATIVE | The low ADX value for RMD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 258.09 | 254.09 | 4.00 (1.55%) | 25.00% |
| An entry @258.09. This is a Buy Stop order right above the resistance zone. | An exit @254.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.00 points, which is 1.55%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RMD. 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.
254.11
-0.29 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.11%
1 Week-0.9%
2 Weeks-0.41%
1 Month0.75%
3 Month19.35%
6 Month5.98%
12 Month25.08%
2 Year14.28%
3 Year5.65%
5 Year25.48%
10 Year338.5%
15 Year673.66%
Volatility
ATR(14)4.16
ATR(20)%1.63%
ATR Inc6.63%
Range Today3.3
ADR(20)4.04
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.79
Mansfield-0.08
10 Day High261.08
10 Day Low251.4
20 Day High261.08
20 Day Low248.2
52 Week High263.05
52 Week Low196.43
CS1 End254.1
CR1 Start254.9
Volume & EV
DER(3)1.96%
DER(5)1.61%
Volume925.00K
Volume Incr-13.02%
Vol(5)681.62K
Vol(50)819.26K