REVOLUTION MEDICINES INC (RVMD) Technical Analysis
NASDAQ:RVMD • US76155X1000
Current stock price
RVMD Technical Rating and Analysis
Taking everything into account, RVMD scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month RVMD has a been trading in the 94.67 - 107.45 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that RVMD is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by RVMD over the past year are nicely spread over this period.
- RVMD is one of the better performing stocks in the Biotechnology industry, it outperforms 87% of 519 stocks in the same industry.
- RVMD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RVMD is performing more or less in line with the market.
- RVMD has an average volume of 3580730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Considerably lower volume is observed in the last couple of days.
RVMD Weekly and Daily overview Charts
RVMD Setup Rating and Analysis
Besides having an excellent technical rating, RVMD also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 98.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.85, a Stop Loss order could be placed below this zone.
More info and screens
RVMD Support and Resistance Analysis
93.71
When analyzing the support we notice one important area.
- A support zone ranging from 94.66 to 94.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 98.95 to 102.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @104.83 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for RVMD is down. |
| ChartMill Relative Strength | 96.1 | POSITIVE | RVMD has a high relative strength, it outperformed 96.1% off all stocks 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) | UP | MIXED | The current price of RVMD is below 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) | 38.84 | NEUTRAL | The RSI value for RVMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests RVMD has a negative trend. |
| Stochastics (14,3) | 12.43 | OVERSOLD | The low Stochastics value suggests RVMD may be oversold. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.39 | NEUTRAL | The ADX value for RVMD suggests a possible start of a new trend. |
RVMD Chart- and CandleStick Pattern Analysis
RVMD Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 98.96 | 94.66 | 4.30 (4.35%) | 23.01% |
| An entry @98.96. This is a Buy Stop order right above the 10 day moving average. | An exit @94.66. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.30 points, which is 4.35%. | For a 1.00% total portfolio risk, you can invest 23.01% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RVMD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RVMD Technicals: Chart, Performance Metrics, Trend & Indicators
94.86
-0.21 (-0.22%)
REVOLUTION MEDICINES INC / RVMD TA FAQ
What is the ChartMill technical rating of REVOLUTION MEDICINES INC (RVMD) stock?
ChartMill assigns a technical rating of 7 / 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 38.8361. This indicates that the stock is currently neutral.
Can you provide the MACD signal for REVOLUTION MEDICINES INC?
The MACD indicator for REVOLUTION MEDICINES INC (RVMD) has a value of -0.797679, indicating a bearish trend.
What is the short term momentum for REVOLUTION MEDICINES INC (RVMD) stock?
The short term momentum for REVOLUTION MEDICINES INC (RVMD) is negative.