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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
RVMD has an average volume of 2322510 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 550 other stocks in this industry, RVMD did better than 44% of them.
In the last month RVMD has a been trading in the 34.00 - 39.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RVMD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.83, a Stop Loss order could be placed below this zone.
More info and screens
30.81
41.88
2 important support areas can be observed.
- A support zone ranging from 34.54 to 34.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 31.12 to 31.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.53 to 39.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.65 to 41.47. 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 | DOWN | NEGATIVE | The short term trend for RVMD is down. |
| ChartMill Relative Strength | 15.61 | NEGATIVE | RVMD has a low relative strength, it was outperformed by 84.39% 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) | 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) | 44.3 | NEUTRAL | The RSI value for RVMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RVMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.77 | NEUTRAL | The Stochastics value for RVMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.6 | 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)
36.02
-0.05 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.14%
1 Week3.06%
2 Weeks-3.35%
1 Month-7.76%
3 Month-8.9%
6 Month-11.43%
12 Month-15.94%
2 Year6.03%
3 Year72.92%
5 Year27.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.44
ATR(20)%3.87%
ATR Inc-16.6%
Range Today1.03
ADR(20)1.37
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.61
Mansfield-2.31
10 Day High38.6
10 Day Low34
20 Day High39.62
20 Day Low34
52 Week High62.4
52 Week Low29.17
CS1 End34.83
CR1 Start37.53
Volume & EV
DER(3)2.64%
DER(5)2%
Volume2.81M
Volume Incr66.17%
Vol(5)2.61M
Vol(50)2.32M