The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 2/14/2025 -
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ResMed (RMD) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend support at 236.28Trend support at 232.93
Daily :Lane's Stochastic is oversold
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It was the negative week for the ResMed (RMD). During the week, the RMD dropped -3.90 points, or -1.65%, and closed at 233.00 on Friday, February 14, 2025. Weekly volume was -22% below average.

RMD is a member of Health Care Sector. Health Care is the second 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 263.10 on January 30, 2025. RMD gained -130.84 points, or -98.93%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (236.28) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See RMD medium-term trend chart]
A medium-term uptrend had started on December 23, 2024 at 224.50 and reached 263.10 on January 30, 2025. RMD gained -38.60 points, or -17.19%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (232.93) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See RMD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 8, 2024. 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 January 30, 2025 at 263.10 and reached 232.80 on February 14, 2025. RMD lost 30.30 points, or 11.52%, in 15 days. Price is near the trend low.

Daily Technical Indicators: [See RMD daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since February 3, 2025. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.76
Williams' Percentage Range (W%R) 70.00
Lane's Stochastic (%D-Slow) 16.51
Oversold
Greed/Fear Indicator (GFI) 26.10
Moving Average Converg./Diverg. (MACD) 0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.08
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 50.25
Greed/Fear Indicator (GFI) 48.37
Moving Average Converg./Diverg. (MACD) 7.07
Trading Signals
Description Value Chart
Upper Bollinger Band 253.86
Parabolic System 252.12
Weekly Stochastic Crossing 246.11
20 Day Moving Average 243.43
50 Day Moving Average 239.23
Quarterly Trendline Support 236.28
Daily Stochastic Crossing 235.10
Price 233.00
Monthly Trendline Support 232.93
Lower Bollinger Band 225.99
Sector and Industry
Description Name Rank
Sector Health Care 8
Industry Health Care Equipment 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 263.10
High Date 01/30/2025
Low 232.80
Low Date 02/14/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 263.10
High Date 01/30/2025
Low 232.80
Low Date 02/14/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 280.47
Support 232.93
Low 224.50
Low Date 12/23/2024
High 263.10
High Date 01/30/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 287.23
Support 236.28
Low 132.26
Low Date 10/27/2023
High 263.10
High Date 01/30/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 301.34
High Date 09/09/2021
Low 132.26
Low Date 10/27/2023
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.