The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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ResMed (RMD) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceThe price is above the upper Bollinger Band
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It was a fifth positive week after 3 consecutive negative weeks for the ResMed (RMD). During the week, the RMD gained 8.81 points, or 3.81%, and closed at 240.33 on Friday, August 28, 2026. Weekly volume was 23% above average.

RMD is a member of Health Care Sector. Health Care is the most overbought 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 27, 2023 at 132.26 and reached 293.81 on August 22, 2025. RMD gained -161.55 points, or -122.15%, in 95 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (273.59) is broken. A broken support is considered to be a long-term bearish signal. 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 August 22, 2025 at 293.81 and reached 180.27 on June 2, 2026. RMD lost 113.54 points, or 38.64%, in 40 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 152.27 and resistance is at 258.63. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See RMD weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 10, 2026. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See RMD short-term trend chart]
A short-term uptrend had started on July 23, 2026 at 190.21 and reached 241.06 on August 28, 2026. RMD gained -50.85 points, or -26.73%, in 36 days. Price is near the trend high.

Daily Technical Indicators: [See RMD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since July 27, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.34
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 89.95
Overbought
Greed/Fear Indicator (GFI) 84.66
Overbought
Moving Average Converg./Diverg. (MACD) 6.79 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.57
Williams' Percentage Range (W%R) 7.30
Strong Overbought
Lane's Stochastic (%D-Slow) 87.11
Overbought
Greed/Fear Indicator (GFI) 80.43
Overbought
Moving Average Converg./Diverg. (MACD) -9.42
Trading Signals
Description Value Chart
Yearly Trendline Support 273.59
Monthly Trendline Resistance 268.49
Quarterly Trendline Resistance 258.63
Price 240.33
Upper Bollinger Band 240.31
Daily Stochastic Crossing 239.03
Weekly Stochastic Crossing 236.86
Parabolic System 233.57
20 Day Moving Average 226.57
Lower Bollinger Band 211.44
50 Day Moving Average 211.35
Monthly Trendline Support 197.63
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Equipment 89
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 218.66
Low Date 08/17/2026
High 241.06
High Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 190.21
Low Date 07/23/2026
High 241.06
High Date 08/28/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 268.49
Support 197.63
Low 180.27
Low Date 06/02/2026
High 241.06
High Date 08/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 258.63
Support 152.27
High 293.81
High Date 08/22/2025
Low 180.27
Low Date 06/02/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 344.58
Support 273.59
Low 132.26
Low Date 10/27/2023
High 293.81
High Date 08/22/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.