REVOLUTION MEDICINES INC (RVMD) Stock Technical Analysis
NASDAQ:RVMD - Nasdaq - US76155X1000 - Common Stock - Currency: USD
Taking everything into account, RVMD scores 4 out of 10 in our technical rating. RVMD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
RVMD is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 557 stocks in the same industry.
RVMD has an average volume of 1905350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, RVMD outperforms 59% of them, which is more or less in line with the market.
RVMD is currently trading in the middle 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 slightly.
In the last month RVMD has a been trading in the 36.53 - 42.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RVMD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 39.86, a Stop Loss order could be placed below this zone.
More info and screens
32.85
42.76
3 important support areas can be observed.
- A support zone ranging from 38.97 to 39.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.97 to 37.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @33.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.52 to 42.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for RVMD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RVMD is neutral. |
| ChartMill Relative Strength | 59.13 | NEUTRAL | RVMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RVMD is above a declining 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) | DOWN | NEGATIVE | The current price of RVMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.33 | NEUTRAL | The RSI value for RVMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RVMD has a negative trend. |
| Stochastics (14,3) | 44.92 | NEUTRAL | The Stochastics value for RVMD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.01 | 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)
39.93
+0.79 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.02%
1 Week-2.11%
2 Weeks-1.11%
1 Month-1.33%
3 Month4.78%
6 Month-9.37%
12 Month4.5%
2 Year49.27%
3 Year104.87%
5 Year26.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.48
ATR(20)%4.2%
ATR Inc-5.28%
Range Today1.54
ADR(20)1.66
ADR(20)%4.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.13
Mansfield-1.17
10 Day High42.4
10 Day Low38.57
20 Day High42.4
20 Day Low36.53
52 Week High62.4
52 Week Low29.17
CS1 End39.86
CR1 Start40.52
Volume & EV
DER(3)0.12%
DER(5)1.89%
Volume3.02M
Volume Incr6.11%
Vol(5)1.75M
Vol(50)1.91M