RESMED INC (RMD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RMD - US7611521078 - Common Stock
We assign a technical rating of 0 out of 10 to RMD. RMD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, RMD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 253.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 249.64, a Stop Loss order could be placed below this zone.
More info and screens
220.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 242.84 to 249.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @222.86 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- Resistance @253.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 259.83 to 263.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @272.16 from a trend line in the daily time frame.
- A resistance zone ranging from 278.60 to 283.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for RMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMD is down. |
| ChartMill Relative Strength | 33.88 | NEUTRAL | RMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RMD is above a declining 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) | 45.26 | NEUTRAL | The RSI value for RMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests RMD has a positive trend. |
| Stochastics (14,3) | 36.97 | NEUTRAL | The Stochastics value for RMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for RMD suggests some volalility. |
| Average Directional Index/ADX (14) | 33.38 | POSITIVE | The high ADX value value for RMD suggests a strong trend. |
250.75
+6.83 (+2.8%)
RESMED INC / RMD FAQ
What is the ChartMill technical rating of RESMED INC (RMD) stock?
ChartMill assigns a technical rating of 0 / 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 45.2588. This indicates that the stock is currently neutral.
What is the buy/sell signal for RMD stock?
The buy/sell signal for RESMED INC (RMD) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for RESMED INC?
RESMED INC (RMD) has a support level at 249.64 and a resistance level at 253.35. Check the full technical report for our detailed analysis of RMD support and resistance levels.