We assign a technical rating of 9 out of 10 to KRMD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KRMD is showing a nice and steady performance.
Although KRMD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.27
4 important support areas can be observed.
- A support zone ranging from 5.56 to 5.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.97 from a trend line in the daily time frame.
- Support @3.78 from a horizontal line in the daily time frame.
- Support @2.29 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.93 to 5.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for KRMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRMD is up. |
| ChartMill Relative Strength | 91.54 | POSITIVE | KRMD has a high relative strength, it outperformed 91.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KRMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.41 | NEUTRAL | The RSI value for KRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests KRMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.51 | OVERBOUGHT | The high Stochastics value suggests KRMD may be overbought. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for KRMD suggests high volalility. |
| Average Directional Index/ADX (14) | 37.01 | POSITIVE | The high ADX value value for KRMD suggests a strong trend. |
5.78
-0.08 (-1.37%)
KORU MEDICAL SYSTEMS INC / KRMD FAQ
What is the ChartMill technical rating of KORU MEDICAL SYSTEMS INC (KRMD) stock?
ChartMill assigns a technical rating of 9 / 10 to KRMD.
What is the current trend direction of KORU MEDICAL SYSTEMS INC (KRMD) stock?
The current trend direction for KORU MEDICAL SYSTEMS INC (KRMD) is Bullish.
Can you provide the RSI signal for KORU MEDICAL SYSTEMS INC?
KORU MEDICAL SYSTEMS INC (KRMD) has an RSI value of 69.4053. This indicates that the stock is currently neutral.
Can you provide the short term momentum for KORU MEDICAL SYSTEMS INC?
The short term momentum for KORU MEDICAL SYSTEMS INC (KRMD) is positive.
Can you provide the support and resistance levels for KORU MEDICAL SYSTEMS INC?
KORU MEDICAL SYSTEMS INC (KRMD) has a support level at 5.56 and a resistance level at 5.93. Check the full technical report for our detailed analysis of KRMD support and resistance levels.