RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RDY
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Dr Reddy's Laboratories Ltd stock price down 0.673% on Wednesday
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Loss -0.67% PDF

The Dr Reddy's Laboratories Ltd stock price fell by -0.673% on the last day (Wednesday, 27th Mar 2024) from $72.80 to $72.31. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.50% from a day low at $72.19 to a day high of $73.27. The price has fallen in 6 of the last 10 days and is down by -3.93% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 105 thousand shares were bought and sold for approximately $7.59 million.

Given the current short-term trend, the stock is expected to rise 10.36% during the next 3 months and, with a 90% probability hold a price between $79.80 and $88.77 at the end of this 3-month period.

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RDY Signals & Forecast

There are few to no technical positive signals at the moment. The Dr Reddy's Laboratories Ltd 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 $72.96 and $75.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -6.81%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Dr Reddy's Laboratories Ltd stock

Dr Reddy's Laboratories Ltd finds support from accumulated volume at $71.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.08 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.

Our recommended stop-loss: $68.76 (-4.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (RDY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dr Reddy's Laboratories Ltd to open at $72.59, and during the day (based on 14 day Average True Range), to move between $71.23 and $73.39, which gives a possible trading interval of +/-$1.08 (+/-1.49%) up or down from last closing price. If Dr Reddy's Laboratories Ltd takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $71.95 (0.50%) than the resistance at $73.04 (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dr Reddy's Laboratories Ltd stock A Buy?

Dr Reddy's Laboratories Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.627 Hold/Accumulate Unchanged

Predicted Opening Price for Dr Reddy's Laboratories Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$72.59 ( 0.387%) $72.31

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RDY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 73.67 1.88 %
R2 73.26 1.31 %
R1 73.00 0.96 %
Current price: 72.31
Support S1 72.18 -0.183 %
S2 71.92 -0.536 %
S3 71.51 -1.11 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 74.76 3.39 %
R2 73.20 1.23 %
R1 73.04 1.01 %
Current price 72.31
Support S1 71.95 -0.498%
S2 70.34 -2.72%
S3 69.38 -4.05%

RDY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 11, 2023 Jul 28, 2023 Aug 06, 2023 $0.488 0.706%
2 May 11, 2023 Jul 07, 2023 Aug 07, 2023 $0.488 0.706%
3 May 24, 2022 Aug 01, 2022 Aug 12, 2022 $0.378 0.705%
4 May 24, 2022 Jul 08, 2022 Jul 11, 2022 $0.387 0.688%
5 Jun 16, 2021 Jul 08, 2021 Aug 12, 2022 $0.342 0.638%

FAQ

What is the symbol for Dr Reddy's Laboratories Ltd Stock and on which exchange is it traded?
The symbol for Dr Reddy's Laboratories Ltd is RDY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Dr Reddy's Laboratories Ltd Stock?
Dr Reddy's Laboratories Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Dr Reddy's Laboratories Ltd Stock?
Dr Reddy's Laboratories Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dr Reddy's Laboratories Ltd Stock.

What's the current price of Dr Reddy's Laboratories Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Dr Reddy's Laboratories Ltd (RDY) share was $72.31.

What is the 52-week high and low for Dr Reddy's Laboratories Ltd Stock?
The 52-week high for Dr Reddy's Laboratories Ltd Stock is $77.72 and the 52-week low is $53.12.

What is the market capitalization of Dr Reddy's Laboratories Ltd Stock?
As of the 2024-03-27, the market capitalization of Dr Reddy's Laboratories Ltd is 12.041B.

When is the next earnings date for Dr Reddy's Laboratories Ltd?
The upcoming earnings date for Dr Reddy's Laboratories Ltd is May 08, 2024.
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About Dr Reddy's Laboratories Ltd

Dr Reddy's Laboratories Ltd Dr. Reddy's Laboratories Limited, together with its subsidiaries, operates as an integrated pharmaceutical company worldwide. It operates through Global Generics, Pharmaceutical Services and Active Ingredients (PSAI), Proprietary Products, and Others segments. The company's Global Generics segment manufactures and markets prescription and over-the-counter finished pharmaceutical products that are marketed under a brand name or as a generic finish... RDY Profile

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