Resmed Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Resmed Inc. stock after losing 0%
(Updated on Jun 27, 2024)
No changes to the price of Resmed Inc. stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $185.14 to a day high of $185.14. The price has been going up and down for this period, and there has been a -12.63% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $182.91 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.58% during the next 3 months and, with a 90% probability hold a price between $200.43 and $264.44 at the end of this 3-month period.
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0KW4.L Signals & Forecast
There are few to no technical positive signals at the moment. The Resmed Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $195.54 and $209.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Resmed Inc. stock
Resmed Inc. finds support from accumulated volume at $181.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.76%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0KW4.L) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Resmed Inc. to open at $185.14, and during the day (based on 14 day Average True Range), to move between $179.90 and $190.38, which gives a possible trading interval of +/-$5.24 (+/-2.83%) up or down from last closing price. If Resmed Inc. takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $188.25 (1.68%) than the support at $181.87 (1.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Resmed Inc. stock A Buy?
The Resmed Inc. stock holds several negative signals and despite the positive trend, we believe Resmed Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.478 Sell Candidate Unchanged
Predicted Opening Price for Resmed Inc. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $185.14 ( 0%) | $185.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0KW4.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 185.14 | - |
| R2 | 185.14 | - |
| R1 | 185.14 | - |
| Price | 185.14 | |
| S1 | 185.14 | - |
| S2 | 185.14 | - |
| S3 | 185.14 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 215.38 | 16.33% |
| R2 | 209.52 | 13.17% |
| R1 | 188.25 | 1.68% |
| Price | 185.14 | |
| S1 | 181.87 | -1.77% |
| S2 | 179.15 | -3.24% |
| S3 | 178.41 | -3.64% |
0KW4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | Jun 13, 2024 | $0.480 | 0.227% |
| 2 | Feb 07, 2024 | Feb 07, 2024 | Mar 14, 2024 | $0.480 | 0.248% |
| 3 | Nov 08, 2023 | Nov 08, 2023 | Nov 08, 2023 | $0.480 | 0.325% |
| 4 | Aug 16, 2023 | Aug 16, 2023 | Aug 16, 2023 | $0.480 | 0.273% |
| 5 | May 10, 2023 | May 10, 2023 | May 10, 2023 | $0.440 | 0.189% |
FAQ
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