RESMED INC (RMD) Stock Technical Analysis
NYSE:RMD - New York Stock Exchange, Inc. - US7611521078 - Common Stock - Currency: USD
Overall RMD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RMD is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RMD did better than 84% of all other stocks.
RMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 83% of 187 stocks in the same industry.
RMD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RMD is performing more or less in line with the market.
RMD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
RMD has an average volume of 1011410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
206.86
260.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 238.03 to 242.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @215.51 from a trend line in the weekly time frame.
- Support @208.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 251.11 to 257.66. 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 | UP | POSITIVE | The short term trend for RMD is up. |
| ChartMill Relative Strength | 84.3 | POSITIVE | RMD has a high relative strength, it outperformed 84.3% off all stocks 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) | 58.26 | NEUTRAL | The RSI value for RMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests RMD has a negative trend. |
| Stochastics (14,3) | 72.77 | NEUTRAL | The Stochastics value for RMD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for RMD suggests low volalility. |
| Average Directional Index/ADX (14) | 23.81 | NEUTRAL | The ADX value for RMD suggests a possible start of a new 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 |
|---|---|---|---|
| 251.12 | 248.19 | 2.93 (1.17%) | 25.00% |
| An entry @251.12. This is a Buy Stop order right above the 10 day moving average. | An exit @248.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.93 points, which is 1.17%. | For a 0.29% 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.
250.88
+0.79 (+0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.32%
1 Week-0.19%
2 Weeks0.38%
1 Month1.1%
3 Month14.19%
6 Month5.74%
12 Month21.89%
2 Year14.82%
3 Year19.68%
5 Year30.67%
10 Year345.06%
15 Year725.13%
Volatility
ATR(14)3.87
ATR(20)%1.49%
ATR Inc13.28%
Range Today4.13
ADR(20)3.58
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.3
Mansfield0.34
10 Day High254.98
10 Day Low248.2
20 Day High254.98
20 Day Low239.94
52 Week High263.05
52 Week Low179.42
CS1 End242.83
CR1 Start251.11
Volume & EV
DER(3)0.78%
DER(5)0.75%
Volume635.80K
Volume Incr-28.78%
Vol(5)590.08K
Vol(50)1.01M