REVOLUTION MEDICINES INC (RVMD) Stock Technical Analysis
USA - NASDAQ:RVMD - US76155X1000 - Common Stock
46.58 USD
-0.13 (-0.28%)
46.4187 USD
-0.16 (-0.35%)
Overall RVMD gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RVMD is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month RVMD has a been trading in the 39.73 - 47.60 range, which is quite wide. It is currently trading near the high of this range.
RVMD has an average volume of 2054010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RVMD outperforms 59% of them, which is more or less in line with the market.
RVMD is an average performer in the Biotechnology industry, it outperforms 55% of 536 stocks in the same industry.
RVMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RVMD is lagging the market.
RVMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 46.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.18, a Stop Loss order could be placed below this zone.
More info and screens
35.98
47.19
3 important support areas can be observed.
- A support zone ranging from 44.69 to 45.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 42.10 to 42.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.34 to 36.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 46.72 to 46.72. This zone is formed by a combination of multiple trend lines 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 RVMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RVMD is up. |
| ChartMill Relative Strength | 59.83 | NEUTRAL | RVMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RVMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RVMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RVMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.38 | NEUTRAL | The RSI value for RVMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RVMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.2 | NEUTRAL | The Stochastics value for RVMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 32.62 | POSITIVE | The high ADX value value for RVMD suggests a strong 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 |
|---|---|---|---|
| 46.73 | 44.68 | 2.05 (4.39%) | 22.80% |
| An entry @46.73. This is a Buy Stop order right above the resistance zone. | An exit @44.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.05 points, which is 4.39%. | When investing 22.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RVMD. 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.
46.58
-0.13 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.28%
1 Week1.11%
2 Weeks4.89%
1 Month14.62%
3 Month22.51%
6 Month30.4%
12 Month-7.73%
2 Year135.25%
3 Year129.91%
5 Year54.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.56
ATR(20)%3.92%
ATR Inc-11.27%
Range Today1
ADR(20)1.7
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.83
Mansfield-0.15
10 Day High47.6
10 Day Low42.18
20 Day High47.6
20 Day Low39.73
52 Week High62.4
52 Week Low29.17
CS1 End45.18
CR1 Start46.72
Volume & EV
DER(3)-0.98%
DER(5)0.18%
Volume2.05M
Volume Incr-9.53%
Vol(5)2.01M
Vol(50)2.05M