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Archive
- 11/15/2024 -
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ResMed (RMD) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the ResMed (RMD). During the week, the RMD dropped -18.60 points, or -7.37%, and closed at 233.80 on Friday, November 15, 2024. Weekly volume was -11% below average.
RMD is a member of Health Care Sector. Health Care is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See RMD long-term trend chart]
A long-term uptrend had started on October 7, 2024 at 230.44 and reached 260.49 on October 25, 2024. RMD gained -30.05 points, or -13.04%, in 2 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (241.65) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. RMD may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See RMD medium-term trend chart]
A medium-term downtrend had started on October 25, 2024 at 260.49 and reached 231.20 on November 14, 2024. RMD lost 29.29 points, or 11.24%, in 2 weeks. The price is now at the 8.88% retracement level.
 Weekly Technical Indicators: [See RMD weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See RMD short-term trend chart]
A short-term downtrend had started on November 8, 2024 at 255.20 and reached 231.20 on November 14, 2024. RMD lost 24.00 points, or 9.40%, in 6 days. The price is now at the 10.83% retracement level.
 Daily Technical Indicators: [See RMD daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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