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. Recently some decent action could be observed, but in the medium term time frame this is still negative. RMD was also a bad performer in the overall market in the last year.
RMD has a poor technical rating and the quality of the setup is also not perfect 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.
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216.73
We found 3 important support areas.
- A support zone ranging from 240.86 to 248.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @226.62 from a trend line in the weekly time frame.
- Support @218.92 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 252.86 to 256.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for RMD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMD is up. |
| ChartMill Relative Strength | 35.15 | 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 | MIXED | The current price of RMD is above 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) | 57.68 | NEUTRAL | The RSI value for RMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.13 | POSITIVE | The MACD value suggests RMD has a positive trend. |
| Stochastics (14,3) | 87.39 | OVERBOUGHT | The high Stochastics value suggests RMD may be overbought. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for RMD suggests low volalility. |
| Average Directional Index/ADX (14) | 17.13 | NEGATIVE | The low ADX value for RMD suggests a weak or negative trend. |
252.47
+1.55 (+0.62%)
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.
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 57.6758. 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 248.75 and a resistance level at 252.86. Check the full technical report for our detailed analysis of RMD support and resistance levels.