RESMED INC (RMD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RMD - US7611521078 - Common Stock
We assign a technical rating of 5 out of 10 to RMD. RMD has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month RMD has a been trading in the 240.00 - 262.87 range, which is quite wide. It is currently trading near the high of this range.
- RMD has an average volume of 1005150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 65% 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.
RMD has an average technical rating and also the quality of the setup is only medium 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
224.88
2 important support areas can be observed.
- A support zone ranging from 240.86 to 253.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @227.15 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 291.44 to 293.74. 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 | UP | POSITIVE | The short term trend for RMD is up. |
| ChartMill Relative Strength | 48.02 | 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) | 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) | 64.01 | NEUTRAL | The RSI value for RMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.83 | POSITIVE | The MACD value suggests RMD has a positive trend. |
| Stochastics (14,3) | 82.87 | OVERBOUGHT | The high Stochastics value suggests RMD may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for RMD suggests low volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for RMD suggests a possible start of a new trend. |
259.51
+4.84 (+1.9%)
RESMED INC / RMD FAQ
What is the ChartMill technical rating of RESMED INC (RMD) stock?
ChartMill assigns a technical rating of 5 / 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 64.0148. 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 positive.
What are the support and resistance levels for RESMED INC (RMD) stock?
RESMED INC (RMD) has a support level at 253.92 and a resistance level at 291.44. Check the full technical report for our detailed analysis of RMD support and resistance levels.