|
|
Uptrend ExhaustionArchive
- 1/3/2025 -
Sign In to see current Signals. |
ResMed (RMD) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the ResMed (RMD). During the week, the RMD gave back -1.50 points, or -0.64%, and closed at 231.70 on Friday, January 3, 2025. Weekly volume was -43% below average.
RMD is a member of Health Care Sector. Health Care is the second 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 27, 2023 at 132.26 and reached 260.49 on October 25, 2024. RMD gained -128.23 points, or -96.95%, in 52 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See RMD medium-term trend chart]
A medium-term downtrend had started on October 25, 2024 at 260.49 and reached 224.50 on December 23, 2024. RMD lost 35.99 points, or 13.82%, in 8 weeks. The price is now at the 20.01% retracement level.
 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. This is an indication that the medium-term trend is down. 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 29, 2024 at 252.40 and reached 224.50 on December 23, 2024. RMD lost 27.90 points, or 11.05%, in 24 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (217.38) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See RMD daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.
The daily MACD line is below its signal line since December 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (232.13) comes close to the price (231.70). It indicates that the trend is getting weaker. 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.
| |
|
|