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 RMD
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Green day on Wednesday for ResMed Inc
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 6.54% PDF

The ResMed Inc stock price gained 1.11% on the last trading day (Wednesday, 27th Mar 2024), rising from $194.18 to $196.33. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.31% from a day low at $194.21 to a day high of $196.75. The price has risen in 6 of the last 10 days and is up by 2.01% over the past 2 weeks. Volume fell on the last day by -523 thousand shares and in total, 542 thousand shares were bought and sold for approximately $106.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.85% during the next 3 months and, with a 90% probability hold a price between $199.54 and $228.62 at the end of this 3-month period.

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RMD Signals & Forecast

Mostly positive signals in the chart today. The ResMed Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $193.56 and $185.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 13.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for ResMed Inc stock

ResMed Inc finds support from accumulated volume at $190.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.54 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: $186.36 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect ResMed Inc to open at $195.76, and during the day (based on 14 day Average True Range), to move between $192.40 and $200.26, which gives a possible trading interval of +/-$3.93 (+/-2.00%) up or down from last closing price. If ResMed Inc takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $190.15, some $6.18 (3.15%) from the current price of $196.33, our system finds the risk reward attractive.

Is ResMed Inc stock A Buy?

ResMed Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.905 Strong Buy Candidate Unchanged

Predicted Opening Price for ResMed Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$195.76 ( 0.289%) $196.33

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

Trading levels for RMD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 198.30 1.01 %
R2 197.33 0.511 %
R1 196.73 0.206 %
Current price: 196.33
Support S1 194.79 -0.783 %
S2 194.19 -1.09 %
S3 193.22 -1.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 196.33
Support S1 190.15 -3.15%
S2 186.35 -5.08%
S3 171.78 -12.50%

RMD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 24, 2024 Feb 07, 2024 Mar 14, 2024 $0.480 0.250%
2 Oct 26, 2023 Nov 08, 2023 Dec 14, 2023 $0.480 0.278%
3 Aug 03, 2023 Aug 16, 2023 Sep 21, 2023 $0.480 0.352%
4 Apr 27, 2023 May 10, 2023 Jun 15, 2023 $0.440 0.201%
5 Jan 26, 2023 Feb 08, 2023 Jun 15, 2023 $0.440 0.201%

FAQ

What is the symbol for ResMed Inc Stock and on which exchange is it traded?
The symbol for ResMed Inc is RMD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell ResMed Inc Stock?
ResMed Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy ResMed Inc Stock?
ResMed Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ResMed Inc Stock.

What's the current price of ResMed Inc Stock?
As of the end of day on the 2024-03-27, the price of an ResMed Inc (RMD) share was $196.33.

What is the 52-week high and low for ResMed Inc Stock?
The 52-week high for ResMed Inc Stock is $243.52 and the 52-week low is $132.26.

What is the market capitalization of ResMed Inc Stock?
As of the 2024-03-27, the market capitalization of ResMed Inc is 28.562B.

When is the next earnings date for ResMed Inc?
The upcoming earnings date for ResMed Inc is Apr 25, 2024.
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About ResMed Inc

ResMed ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets. The company operates in two segments, Sleep and Respiratory Care, and Software as a Service. It offers various products and solutions for a range of respiratory disorders, including technologies to be applied in medical and consumer products, ventilation devices, diagnostic products, mask systems for use i... RMD Profile

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