RA MEDICAL SYSTEMS INC (RMED) Technical Analysis
NYSEARCA:RMED • US74933X3026
Current stock price
RMED Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RMED. RMED scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RMED is a bad performer in the overall market: 99% of all stocks are doing better.
- RMED is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 89% of 184 stocks in the same industry do better.
- RMED is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RMED is lagging the market.
- In the last month RMED has a been trading in the 0.52 - 0.80 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
RMED Weekly and Daily overview Charts
RMED Setup Rating and Analysis
RMED 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.
More info and screens
RMED Support and Resistance Analysis
0.59
3 important resistance areas can be observed.
- Resistance @0.62 from a trend line in the daily time frame.
- A resistance zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.69 from a trend line in the daily time frame.
RMED 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 | DOWN | NEGATIVE | The long term trend for RMED is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMED is down. |
| ChartMill Relative Strength | 1.91 | NEGATIVE | RMED has a low relative strength, it was outperformed by 98.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RMED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.06 | NEUTRAL | The RSI value for RMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RMED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.64 | OVERSOLD | The low Stochastics value suggests RMED may be oversold. |
| Average True Range in percent/ATR (20) | 10.98 | HIGH VOLATILITY | The high ATR as a percentage value for RMED suggests high volalility. |
| Average Directional Index/ADX (14) | 17.3 | NEGATIVE | The low ADX value for RMED suggests a weak or negative trend. |
RMED Chart- and CandleStick Pattern Analysis
RMED Technicals: Chart, Performance Metrics, Trend & Indicators
0.594
+0.05 (+10%)
RA MEDICAL SYSTEMS INC / RMED TA FAQ
Can you provide the ChartMill technical rating for RA MEDICAL SYSTEMS INC?
ChartMill assigns a technical rating of 0 / 10 to RMED.
What is the trend direction for RMED stock?
The current trend direction for RA MEDICAL SYSTEMS INC (RMED) is Bearish.
What is the RSI signal for RA MEDICAL SYSTEMS INC (RMED) stock?
RA MEDICAL SYSTEMS INC (RMED) has an RSI value of 38.0595. This indicates that the stock is currently neutral.
What is the MACD signal for RA MEDICAL SYSTEMS INC (RMED) stock?
The MACD indicator for RA MEDICAL SYSTEMS INC (RMED) has a value of 0.00426067, indicating a bearish trend.
What are the support and resistance levels for RA MEDICAL SYSTEMS INC (RMED) stock?
RA MEDICAL SYSTEMS INC (RMED) has a resistance level at 0.62. Check the full technical report for our detailed analysis of RMED support and resistance levels.