REVOLUTION MEDICINES INC (RVMD) Stock Technical Analysis
NASDAQ:RVMD - Nasdaq - US76155X1000 - Common Stock - Currency: USD
Taking everything into account, RVMD scores 0 out of 10 in our technical rating. RVMD 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 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.
69% of all other stocks performed better in the past year than RVMD.
RVMD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RVMD is lagging the market.
In the last month RVMD has a been trading in the 36.36 - 43.67 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.
RVMD is part of the Biotechnology industry. There are 560 other stocks in this industry. RVMD outperforms 73% of them.
RVMD has an average volume of 1896640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of RVMD is bad and it also does not present a 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
32.35
42.76
2 important support areas can be observed.
- A support zone ranging from 36.97 to 36.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 39.00 to 40.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.73 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 41.46 to 42.34. This zone is formed by a combination of multiple trend lines 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 RVMD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RVMD is neutral. |
| ChartMill Relative Strength | 31.8 | NEUTRAL | RVMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RVMD is below 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) | 42.84 | NEUTRAL | The RSI value for RVMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests RVMD has a negative trend. |
| Stochastics (14,3) | 28.75 | NEUTRAL | The Stochastics value for RVMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for RVMD suggests high volalility. |
| Average Directional Index/ADX (14) | 14.07 | 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)
36.975
-2.8 (-7.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-7.03%
1 Week-7.4%
2 Weeks-11.71%
1 Month-10.84%
3 Month-9.24%
6 Month-36.08%
12 Month-3.54%
2 Year48.32%
3 Year117.76%
5 Year20.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.06
ATR(20)%5.41%
ATR Inc40.44%
Range Today3.47
ADR(20)1.8
ADR(20)%4.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.8
Mansfield-1.75
10 Day High42.07
10 Day Low36.53
20 Day High43.67
20 Day Low36.36
52 Week High62.4
52 Week Low29.17
CS1 End36.97
CR1 Start39
Volume & EV
DER(3)0.5%
DER(5)-0.29%
Volume3.76M
Volume Incr-13.66%
Vol(5)1.78M
Vol(50)1.90M