When the Price of (RMD) Talks, People Listen
June 29, 2024, 05:48 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RMD
- Buy RMD slightly over 167.97 target 196.87 stop loss @ 167.48 Details
The technical summary data tells us to buy RMD near 167.97 with an upside target of 196.87. This data also tells us to set a stop loss @ 167.48 to protect against excessive loss in case the stock begins to move against the trade. 167.97 is the first level of support below 191.42 , and by rule, any test of support is a buy signal. In this case, support 167.97 would be being tested, so a buy signal would exist.
- Short RMD slightly under 196.87, target 167.97, stop loss @ 197.44 Details
The technical summary data is suggesting a short of RMD as it gets near 196.87 with a downside target of 167.97. We should have a stop loss in place at 197.44though. 196.87 is the first level of resistance above 191.42, and by rule, any test of resistance is a short signal. In this case, if resistance 196.87 is being tested, so a short signal would exist.
Swing Trading Plans for RMD
- Buy RMD slightly over 194.09, target 196.87, Stop Loss @ 193.53 Details
If 194.09 begins to break higher, the technical summary data tells us to buy RMD just slightly over 194.09, with an upside target of 196.87. The data also tells us to set a stop loss @ 193.53 in case the stock turns against the trade. 194.09 is the first level of resistance above 191.42, and by rule, any break above resistance is a buy signal. In this case, 194.09, 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 194.09, target 177.03, Stop Loss @ 194.65. Details
The technical summary data is suggesting a short of RMD if it tests 194.09 with a downside target of 177.03. We should have a stop loss in place at 194.65 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, 194.09, 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 194.09, target 196.87, Stop Loss @ 193.64 Details
If 194.09 begins to break higher, the technical summary data tells us to buy RMD just slightly over 194.09, with an upside target of 196.87. The data also tells us to set a stop loss @ 193.64 in case the stock turns against the trade. 194.09 is the first level of resistance above 191.42, and by rule, any break above resistance is a buy signal. In this case, 194.09, 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 194.09, target 190.34, Stop Loss @ 194.54. Details
The technical summary data is suggesting a short of RMD if it tests 194.09 with a downside target of 190.34. We should have a stop loss in place at 194.54 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, 194.09, 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 June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
167.97 |
| P2 |
172.31 |
177.03 |
196.87 |
| P3 |
190.34 |
194.09 |
225.97 |
AI Generated Signals for RMD
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Resmed Inc. (NYSE: RMD) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for RMD can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RMD:
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