REVOLUTION MEDICINES INC (RVMD) Stock Technical Analysis
NASDAQ:RVMD - Nasdaq - US76155X1000 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RVMD. RVMD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, RVMD is a bad performer in the overall market: 84% of all stocks are doing better.
RVMD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
RVMD has an average volume of 2279740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RVMD is part of the Biotechnology industry. There are 556 other stocks in this industry, RVMD did better than 52% of them.
In the last month RVMD has a been trading in the 36.37 - 40.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RVMD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 37.92, a Stop Loss order could be placed below this zone.
More info and screens
33.69
42.76
We found 2 important support areas.
- A support zone ranging from 36.43 to 37.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.03 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 38.33 to 39.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.10 to 42.34. 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 | DOWN | NEGATIVE | The long term trend for RVMD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RVMD is neutral. |
| ChartMill Relative Strength | 16.42 | NEGATIVE | RVMD has a low relative strength, it was outperformed by 83.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RVMD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RVMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RVMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.83 | NEUTRAL | The RSI value for RVMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests RVMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.31 | NEUTRAL | The Stochastics value for RVMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.16 | NEGATIVE | The low ADX value for RVMD suggests a weak or negative 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)
38.27
-0.15 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.39%
1 Week1.22%
2 Weeks5.02%
1 Month-4.42%
3 Month-1.29%
6 Month-6.64%
12 Month-17.59%
2 Year45.79%
3 Year69.41%
5 Year58.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%3.73%
ATR Inc1.05%
Range Today1.19
ADR(20)1.4
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.42
Mansfield-1.78
10 Day High39.62
10 Day Low36.63
20 Day High40.7
20 Day Low36.37
52 Week High62.4
52 Week Low29.17
CS1 End37.92
CR1 Start38.33
Volume & EV
DER(3)0.76%
DER(5)1.41%
Volume1.23M
Volume Incr-52.82%
Vol(5)1.55M
Vol(50)2.28M