RMD Technical Analysis - RESMED INC

Technical Rating and Analysis

Taking everything into account, RMD scores 3 out of 10 in our technical rating. In the last year, RMD was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

RMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 72% of 191 stocks in the same industry.

RMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RMD is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, RMD outperforms 68% of them, which is more or less in line with the market.

In the last month RMD has a been trading in the 264.14 - 284.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, RMD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 269.99, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

217.98

296.68

We found 2 important support areas.

A support zone ranging from 267.30 to 269.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @220.18 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 271.43 to 277.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for RMD is down.
ChartMill Relative Strength	68.09	NEUTRAL	RMD is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RMD is below 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	POSITIVE	The current price of RMD is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.02	NEUTRAL	The RSI value for RMD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.7	NEGATIVE	The MACD value suggests RMD has a negative trend.
Stochastics (14,3)	20.17	NEUTRAL	The Stochastics value for RMD is a neutral value.
Average True Range in percent/ATR (20)	2.03	MEDIUM VOLATILITY	The ATR as a percentage value for RMD suggests some volalility.
Average Directional Index/ADX (14)	16.87	NEGATIVE	The low ADX value for RMD suggests a weak or negative trend.