REVOLUTION MEDICINES INC (RVMD) Stock Technical Analysis
USA - NASDAQ:RVMD - US76155X1000 - Common Stock
Overall RVMD gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RVMD is showing a nice and steady performance.
Although RVMD has an excellent technical rating, it does not present a decent entry opportunity 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.
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36.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.34 to 52.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @50.59 from a trend line in the daily time frame.
- A support zone ranging from 37.14 to 37.45. 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 | 86.95 | POSITIVE | RVMD has a high relative strength, it outperformed 86.95% 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) | 80.6 | OVERBOUGHT | The high RSI value suggests RVMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests RVMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.14 | OVERBOUGHT | The high Stochastics value suggests RVMD may be overbought. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 54.89 | POSITIVE | The high ADX value value for RVMD suggests a strong trend. |
58.84
-0.03 (-0.05%)
REVOLUTION MEDICINES INC / RVMD FAQ
What is the ChartMill technical rating of REVOLUTION MEDICINES INC (RVMD) stock?
ChartMill assigns a technical rating of 9 / 10 to RVMD.
Can you provide the trend direction for REVOLUTION MEDICINES INC?
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 80.5985. This indicates that the stock is currently overbought.
What is the MACD signal for RVMD stock?
The MACD indicator for REVOLUTION MEDICINES INC (RVMD) has a value of 0.494638, indicating a bearish trend.
What is the short term momentum for RVMD stock?
The short term momentum for REVOLUTION MEDICINES INC (RVMD) is positive.