RESMED INC (RMD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RMD - US7611521078 - Common Stock
We assign a technical rating of 2 out of 10 to RMD. 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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 251.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RMD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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222.23
2 important support areas can be observed.
- A support zone ranging from 242.84 to 251.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @224.47 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 252.86 to 257.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @267.44 from a trend line in the daily time frame.
- Resistance @283.29 from a horizontal line in the daily time frame.
- Resistance @291.44 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for RMD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMD is down. |
| ChartMill Relative Strength | 40.48 | NEUTRAL | RMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMD is below a declining 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) | 49.58 | NEUTRAL | The RSI value for RMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests RMD has a positive trend. |
| Stochastics (14,3) | 64.51 | NEUTRAL | The Stochastics value for RMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for RMD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.01 | NEUTRAL | The ADX value for RMD suggests a possible start of a new trend. |
252.27
-0.12 (-0.05%)
RESMED INC / RMD FAQ
What is the ChartMill technical rating of RESMED INC (RMD) stock?
ChartMill assigns a technical rating of 2 / 10 to RMD.
What is the trend direction for RMD stock?
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 49.5841. This indicates that the stock is currently neutral.
What is the support and resistance level for RMD stock?
RESMED INC (RMD) has a support level at 251.15 and a resistance level at 252.86. Check the full technical report for our detailed analysis of RMD support and resistance levels.