Learn to Evaluate (RMD) using the Charts
February 06, 2024, 21:14 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RMD
- Buy RMD slightly over 179.63 target n/a stop loss @ 179.11. Details
The technical summary data tells us to buy RMD near 179.63, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 179.11 to protect against excessive loss in case the stock begins to move against the trade. 179.63 is the first level of support below 190.72, and by rule, any test of support is a buy signal. In this case, if support 179.63 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for RMD
- Buy RMD slightly over 191.54, target 202.37, Stop Loss @ 190.99 Details
If 191.54 begins to break higher, the technical summary data tells us to buy RMD just slightly over 191.54, with an upside target of 202.37. The data also tells us to set a stop loss @ 190.99 in case the stock turns against the trade. 191.54 is the first level of resistance above 190.72, and by rule, any break above resistance is a buy signal. In this case, 191.54, 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 191.54, target 179.63, Stop Loss @ 192.09. Details
The technical summary data is suggesting a short of RMD if it tests 191.54 with a downside target of 179.63. We should have a stop loss in place at 192.09 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, 191.54, 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 191.54, target 192.36, Stop Loss @ 191.09 Details
If 191.54 begins to break higher, the technical summary data tells us to buy RMD just slightly over 191.54, with an upside target of 192.36. The data also tells us to set a stop loss @ 191.09 in case the stock turns against the trade. 191.54 is the first level of resistance above 190.72, and by rule, any break above resistance is a buy signal. In this case, 191.54, 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 191.54, target 189.94, Stop Loss @ 191.99. Details
The technical summary data is suggesting a short of RMD if it tests 191.54 with a downside target of 189.94. We should have a stop loss in place at 191.99 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, 191.54, 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 February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Weak |
| P1 |
0 |
0 |
123.95 |
| P2 |
189.94 |
191.54 |
151.99 |
| P3 |
192.36 |
202.37 |
179.63 |
AI Generated Signals for RMD
Blue = Current Price
Red= Resistance
Green = Support
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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:
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