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Uptrend ExhaustionArchive
- 4/26/2024 -
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ResMed (RMD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the ResMed (RMD). During the week, the RMD gained 39.21 points, or 21.92%, and closed at 218.06 on Friday, April 26, 2024. Weekly volume was 64% above 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 downtrend had started on September 9, 2021 at 301.34 and reached 132.26 on October 27, 2023. RMD lost 169.08 points, or 56.11%, in 111 weeks. The price is now at the 50.75% retracement level.
 Medium-term trend: [See RMD medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 132.26 and reached 218.38 on April 26, 2024. RMD gained -86.12 points, or -65.11%, in 26 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See RMD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 17, 2024 at 172.19 and reached 218.38 on April 26, 2024. RMD gained -46.19 points, or -26.83%, in 9 days. Price is near the trend high.
Daily Technical Indicators: [See RMD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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