Taking everything into account, RVMD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RVMD has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that RVMD is one of the better performing stocks in the market, outperforming 98% of all stocks.
- RVMD is one of the better performing stocks in the Biotechnology industry, it outperforms 94% of 528 stocks in the same industry.
- A new 52 week high is currently being made by RVMD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month RVMD has a been trading in the 74.20 - 124.49 range, which is quite wide. It is currently trading near the high of this range.
- RVMD has an average volume of 3405310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although RVMD has an excellent technical rating, it does not offer a high quality setup 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
79.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 82.78 to 83.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 80.46 to 81.23. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 98.53 | POSITIVE | RVMD has a high relative strength, it outperformed 98.53% off all stocks 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) | 83.25 | OVERBOUGHT | The high RSI value suggests RVMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.32 | POSITIVE | The MACD value suggests RVMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.82 | OVERBOUGHT | The high Stochastics value suggests RVMD may be overbought. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 50.95 | POSITIVE | The high ADX value value for RVMD suggests a strong trend. |
120.28
-2.99 (-2.43%)
REVOLUTION MEDICINES INC / RVMD FAQ
What is the ChartMill technical rating of REVOLUTION MEDICINES INC (RVMD) stock?
ChartMill assigns a technical rating of 10 / 10 to RVMD.
What is the trend direction for RVMD stock?
The current trend direction for REVOLUTION MEDICINES INC (RVMD) is Bullish.
What is the RSI signal for REVOLUTION MEDICINES INC (RVMD) stock?
REVOLUTION MEDICINES INC (RVMD) has an RSI value of 83.2544. This indicates that the stock is currently overbought.
Can you provide the MACD signal for REVOLUTION MEDICINES INC?
The MACD indicator for REVOLUTION MEDICINES INC (RVMD) has a value of 3.31799, indicating a bullish trend.
What is the short term momentum for REVOLUTION MEDICINES INC (RVMD) stock?
The short term momentum for REVOLUTION MEDICINES INC (RVMD) is positive.