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Archive
- 5/23/2025 -
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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 -8.85 points, or -3.52%, and closed at 242.84 on Friday, May 23, 2025. Weekly volume was -15% below average.
 Long-term trend: [See RMD long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 132.26 and reached 263.10 on January 30, 2025. RMD gained -130.84 points, or -98.93%, in 65 weeks. The price is now at the 15.48% retracement level.
 Medium-term trend: [See RMD medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 199.90 and reached 253.43 on May 19, 2025. RMD gained -53.53 points, or -26.78%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 208.56 and resistance is at 258.66. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See RMD weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since May 2, 2025. This is an indication that the medium-term trend is up. 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 May 19, 2025 at 253.43 and reached 242.22 on May 23, 2025. RMD lost 11.21 points, or 4.42%, in 4 days. The price is now at the 5.53% retracement level.
 Daily Technical Indicators: [See RMD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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