How the price action of Resmed ($RMD) is used to our Advantage
March 21, 2023, 05:15 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RMD
- Buy RMD slightly over 196.23 target 215.36 stop loss @ 195.66 Details
The technical summary data tells us to buy RMD near 196.23 with an upside target of 215.36. This data also tells us to set a stop loss @ 195.66 to protect against excessive loss in case the stock begins to move against the trade. 196.23 is the first level of support below 210.67 , and by rule, any test of support is a buy signal. In this case, support 196.23 would be being tested, so a buy signal would exist.
- Short RMD slightly under 215.36, target 196.23, stop loss @ 215.98 Details
The technical summary data is suggesting a short of RMD as it gets near 215.36 with a downside target of 196.23. We should have a stop loss in place at 215.98though. 215.36 is the first level of resistance above 210.67, and by rule, any test of resistance is a short signal. In this case, if resistance 215.36 is being tested, so a short signal would exist.
Swing Trading Plans for RMD
- Buy RMD slightly over 215.36, target 235.84, Stop Loss @ 214.74 Details
If 215.36 begins to break higher, the technical summary data tells us to buy RMD just slightly over 215.36, with an upside target of 235.84. The data also tells us to set a stop loss @ 214.74 in case the stock turns against the trade. 215.36 is the first level of resistance above 210.67, and by rule, any break above resistance is a buy signal. In this case, 215.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RMD slightly near 215.36, target 208.89, Stop Loss @ 215.98. Details
The technical summary data is suggesting a short of RMD if it tests 215.36 with a downside target of 208.89. We should have a stop loss in place at 215.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 215.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RMD
- Buy RMD slightly over 210.80, target 215.36, Stop Loss @ 210.31 Details
If 210.80 begins to break higher, the technical summary data tells us to buy RMD just slightly over 210.80, with an upside target of 215.36. The data also tells us to set a stop loss @ 210.31 in case the stock turns against the trade. 210.80 is the first level of resistance above 210.67, and by rule, any break above resistance is a buy signal. In this case, 210.80, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RMD slightly near 210.80, target 208.89, Stop Loss @ 211.29. Details
The technical summary data is suggesting a short of RMD if it tests 210.80 with a downside target of 208.89. We should have a stop loss in place at 211.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 210.80, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Resmed (RMD) available here: RMD.
RMD Ratings for March 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
196.23 |
| P2 |
207.98 |
202.21 |
215.36 |
| P3 |
210.80 |
208.89 |
235.84 |
AI Generated Signals for RMD
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Resmed (NYSE: RMD) data table below can help you with price action, and we have more details too. Trading plans for RMD are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RMD:
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