Learn to Evaluate (RMD) using the Charts
May 28, 2024, 15:08 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RMD
- Buy RMD slightly over 181.86 target 214.44 stop loss @ 181.33 Details
The technical summary data tells us to buy RMD near 181.86 with an upside target of 214.44. This data also tells us to set a stop loss @ 181.33 to protect against excessive loss in case the stock begins to move against the trade. 181.86 is the first level of support below 206.74 , and by rule, any test of support is a buy signal. In this case, support 181.86 is being tested, a buy signal would exist.
- Short RMD slightly under 214.44, target 181.86, stop loss @ 215.06 Details
The technical summary data is suggesting a short of RMD as it gets near 214.44 with a downside target of 181.86. We should have a stop loss in place at 215.06though. 214.44 is the first level of resistance above 206.74, and by rule, any test of resistance is a short signal. In this case, if resistance 214.44 is being tested, a short signal would exist.
Swing Trading Plans for RMD
- Buy RMD slightly over 213.41, target 214.44, Stop Loss @ 212.79 Details
If 213.41 begins to break higher, the technical summary data tells us to buy RMD just slightly over 213.41, with an upside target of 214.44. The data also tells us to set a stop loss @ 212.79 in case the stock turns against the trade. 213.41 is the first level of resistance above 206.74, and by rule, any break above resistance is a buy signal. In this case, 213.41, 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 213.41, target 181.86, Stop Loss @ 214.03. Details
The technical summary data is suggesting a short of RMD if it tests 213.41 with a downside target of 181.86. We should have a stop loss in place at 214.03 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, 213.41, 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 210.74, target 213.41, Stop Loss @ 210.25 Details
If 210.74 begins to break higher, the technical summary data tells us to buy RMD just slightly over 210.74, with an upside target of 213.41. The data also tells us to set a stop loss @ 210.25 in case the stock turns against the trade. 210.74 is the first level of resistance above 206.74, and by rule, any break above resistance is a buy signal. In this case, 210.74, 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 210.74, target 181.86, Stop Loss @ 211.23. Details
The technical summary data is suggesting a short of RMD if it tests 210.74 with a downside target of 181.86. We should have a stop loss in place at 211.23 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, 210.74, 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 Inc. (RMD) available here: RMD.
RMD Ratings for May 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
149.11 |
| P2 |
210.74 |
213.41 |
181.86 |
| P3 |
214.32 |
219.57 |
214.44 |
AI Generated Signals for RMD
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Resmed Inc. (NYSE: RMD) report below can help you understand how to do this. The trading plans for RMD, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RMD:
pool ads
