Taking everything into account, RMED scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than RMED.
- RMED is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 85% are performing better than RMED.
- RMED is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- 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 has a poor technical rating and the quality of the setup is also only medium 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
0.59
We can see 3 important resistance areas.
- 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.
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. |
0.594
+0.05 (+10%)
RA MEDICAL SYSTEMS INC / RMED 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.