RMD.AX rallies 2.45% closing A$0.38 higher

Resmed Inc Cdi 10:1 Foreign Exempt NYSE (RMD.AX) Technical Analysis Report for Sep 14, 2018

Highlights

RMD.AX rallies 2.45% closing A$0.38 higher
RMD.AX pushes through previous session high
RMD.AX rises to highest close since Inception
RMD.AX ends the day indecisive

TQ Sentiment

Report Sentiment: 60% Bullish
Technical Forecast:

Overview

RMD.AX finished the week 1.6% higher at 15.87 after surging A$0.38 (2.45%) today. This is the biggest single day gain in over seven months. Today's closing price of 15.87 marks the highest close since Inception. Closing above Thursday's high at 15.61, the share confirms its breakout through the prior session's high having traded A$0.36 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for RMD.AX

Volatility

Friday's trading range was A$0.14 (0.88%), that's slightly below last trading month's daily average range of A$0.16. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.

Support/Resistance

Prices are trading close to a key support level at 15.82.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.

Market Conditions for Resmed Inc Cdi 10:1 Foreign Exempt NYSE

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RMD.AX pushes through prior session high

Sep 21, 2018
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