Simple Technical Stock Analysis for ASX Blue Chip Stock RMDSimple Technical Stock Analysis for ASX Blue Chip Stock RMD (Resmed Inc.).
Market Monkey ASX Top 50, #28 for June 2024.
This week, the Team unpacks some simple technical and trend indicators for ASX Blue Chip Stock RMD (Resmed Inc.).
Indicators include:
- Trend Momentum
- Price Direction
- Market Pressure (Buy / Sell demand)
- Volume (Market Strenght)
- Simple Moving Averages
- Support and Resistance
RMD trade ideas
4/25/24 - $rmd imma buyer - vrockstar4/25/24 - vrockstar - first time i come across this ticker (i look at a lot), wow. great opex flex. software-ish margins, not expensive on various multiples i look at vs. growth looks awesome. chart yes. am i missing anything frens, i think i'm just buying this print b/c i like everything i see including cash gen, captive industry that's bit less discretionary. interesting. will be playing print long in small size and put on short watch list to get a sense for personality of how this trades so i can give a more nuanced update into the following print.
RMD Long off Cup and Handle The white dotted line represents the Stocks average up trend, you can see the stock has squeezed down into an equal triangle (nor bullish or bearish) and looks bullish with that cup and handle right into the bottom. Looking for a safe gain to major resistance at $34.18 Daily RSI shows above 50 after a reset.
ResMed: Margin Of Safety Gives Investors A Good Night's SleepResMed Inc. is a leader in digital health and cloud-connected medical devices. ResMed is one of the largest respiratory care device companies globally, primarily developing and supplying flow generators, masks and accessories for the treatment of sleep apnea. Increasing diagnosis of sleep apnea combined with ageing populations and increasing prevalence of obesity is resulting in a structurally growing market . It has multiple growth drivers ahead of its 2025 goals. Better supply and production trends this year should help meet growing demand, leading to higher revenues and profitability.
NYSE:RMD is a GARP story. Growth at a reasonable price has never been cheaper in this company's history. After the stocks nearly 55% decline, Morningstar gives it a 5-star valuation score with Fair Value at $258. Today it's trading at $148.
The company's focus on fundamentally-driven growth, top-tier products addressing modern health issues, and strong moat, and exemplary capital allocation make it an appealing investment.
My model ranks RMD as the 76th best stock to own in the market.
RMD - Bullish Price ActionResMed Inc. (RMD) - Bullish Price Action Analysis
Date: 28 Dec 2023
Overview: ResMed Inc. (RMD) is currently exhibiting signs of bullish price action. This analysis provides a potential trading outlook based on the stock's recent market behavior and technical analysis.
Current Market Observations:
Price Trend: RMD has shown a consistent upward trend in recent trading sessions, indicative of bullish momentum, breakout above resistance levels, bullish chart formations.
Supporting Technical Indicators: The bullish outlook is supported by moving averages, Relative Strength Index (RSI), MACD, which suggest ongoing upward momentum.
Trading Strategy:
Target Price: $191. This target is set considering Fibonacci retracement levels, chart pattern projections.
Stop Loss: Placed at $170 to mitigate potential risks. This level is selected based on ATR percentage.
Resmed Australia SSI Live Trading Series
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Red Med USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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RMD: Breakout Confirmed, 14.31% Potential Profit!Description: RMD is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $205 - $211.2
2. Take profit: $235.09
3. Stop Loss: $199.49
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 95%