REVOLUTION MEDICINES INC (RVMD) Technical Analysis
NASDAQ:RVMD • US76155X1000
Current stock price
RVMD Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, RVMD did better than 97% of all other stocks. On top of that, RVMD also shows a nice and consistent pattern of rising prices.
- RVMD is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 516 stocks in the same industry.
- RVMD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RVMD has a been trading in the 91.52 - 155.70 range, which is quite wide. It is currently trading near the high of this range.
- RVMD has an average volume of 2822040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
RVMD Weekly and Daily overview Charts
RVMD Setup Rating and Analysis
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.
More info and screens
RVMD Support and Resistance Analysis
94.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 99.26 to 99.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @95.87 from a trend line in the daily time frame.
RVMD Technical Indicator Signal Analysis
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 | 97.51 | POSITIVE | RVMD has a high relative strength, it outperformed 97.51% 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) | 70.1 | OVERBOUGHT | The high RSI value suggests RVMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.89 | POSITIVE | The MACD value suggests RVMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.54 | OVERBOUGHT | The high Stochastics value suggests RVMD may be overbought. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 41.12 | POSITIVE | The high ADX value value for RVMD suggests a strong trend. |
RVMD Chart- and CandleStick Pattern Analysis
RVMD Technicals: Chart, Performance Metrics, Trend & Indicators
141.5
-7.4 (-4.97%)
REVOLUTION MEDICINES INC / RVMD TA 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.
Can you provide the RSI signal for REVOLUTION MEDICINES INC?
REVOLUTION MEDICINES INC (RVMD) has an RSI value of 70.0991. This indicates that the stock is currently overbought.
What is the MACD signal for REVOLUTION MEDICINES INC (RVMD) stock?
The MACD indicator for REVOLUTION MEDICINES INC (RVMD) has a value of 3.8936, indicating a bullish trend.
Can you provide the support and resistance levels for REVOLUTION MEDICINES INC?
REVOLUTION MEDICINES INC (RVMD) has a support level at 99.48. Check the full technical report for our detailed analysis of RVMD support and resistance levels.