REVOLUTION MEDICINES INC (RVMD) Technical Analysis
NASDAQ:RVMD • US76155X1000
Current stock price
RVMD Technical Rating and Analysis
Taking everything into account, RVMD scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, RVMD did better than 96% of all other stocks. We also observe that the gains produced by RVMD over the past year are nicely spread over this period.
- RVMD is one of the better performing stocks in the Biotechnology industry, it outperforms 86% of 517 stocks in the same industry.
- RVMD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RVMD is performing more or less in line with the market.
- In the last month RVMD has a been trading in the 91.52 - 101.38 range, which is quite wide. It is currently trading near the high of this range.
- RVMD has an average volume of 2370490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RVMD Weekly and Daily overview Charts
RVMD Setup Rating and Analysis
Besides having an excellent technical rating, RVMD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 96.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RVMD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
RVMD Support and Resistance Analysis
91.58
We found 2 important support areas.
- A support zone ranging from 94.10 to 96.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.51 to 92.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @104.83 from a horizontal line in the daily time frame.
RVMD Technical Indicator Signal Analysis
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 RVMD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RVMD is neutral. |
| ChartMill Relative Strength | 96.63 | POSITIVE | RVMD has a high relative strength, it outperformed 96.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RVMD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RVMD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RVMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.28 | NEUTRAL | The RSI value for RVMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests RVMD has a positive trend. |
| Stochastics (14,3) | 74.37 | NEUTRAL | The Stochastics value for RVMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for RVMD suggests some volalility. |
| Average Directional Index/ADX (14) | 24.17 | NEUTRAL | The ADX value for RVMD suggests a possible start of a new trend. |
RVMD Chart- and CandleStick Pattern Analysis
RVMD Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 104.84 | 94.09 | 10.75 (10.25%) | 9.75% |
| An entry @104.84. This is a Buy Stop order right above the resistance zone. | An exit @94.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.75 points, which is 10.25%. | When investing 9.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RVMD Technicals: Chart, Performance Metrics, Trend & Indicators
99.12
+0.48 (+0.49%)
REVOLUTION MEDICINES INC / RVMD TA FAQ
What is the ChartMill technical rating of REVOLUTION MEDICINES INC (RVMD) stock?
ChartMill assigns a technical rating of 7 / 10 to RVMD.
What is the trend direction for RVMD stock?
The current trend direction for REVOLUTION MEDICINES INC (RVMD) is Bullish.
Can you provide the RSI signal for REVOLUTION MEDICINES INC?
REVOLUTION MEDICINES INC (RVMD) has an RSI value of 54.2814. This indicates that the stock is currently neutral.
What is the MACD signal for REVOLUTION MEDICINES INC (RVMD) stock?
The MACD indicator for REVOLUTION MEDICINES INC (RVMD) has a value of 0.299219, indicating a bearish trend.
Can you provide the support and resistance levels for REVOLUTION MEDICINES INC?
REVOLUTION MEDICINES INC (RVMD) has a support level at 96.89 and a resistance level at 104.83. Check the full technical report for our detailed analysis of RVMD support and resistance levels.