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Last Price: 184.04 - Change: 0.94 - Change %: 0.5134
02/23/2024 16:10:00 EST

ResMed Inc (RMD)

Industry: Medical Instruments & Supplies

Price Support Resistance

In the past 20 trading days, RMD has been trading in a range between $193.17 and $179.17 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

RMD is trading below resistance at $225.35, about 22% to the upside. There is support at $180.46 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

ResMed Inc (RMD) entered a Green zone 68 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $184, a potential down side of -0.02% from the recent price of 184.04. Our AI powered stock target predictor currently has a target price of $178.71 a potential move of -3%. The stock is trading 30.97% (potential upside) below its 52 week high of $241.04 and 39.97 % (potential downside) above its 52 week low of $131.49 - based on the recent price.

Company Summary

ResMed Inc develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets. It operates in two segments, Sleep and Respiratory Care, and Software as a Service.

RMD Website

News

Why Is ResMed (RMD) Down 1.7% Since Last Earnings Report?
ResMed (RMD) reported earnings 30 days ago. What's next for the stock?
Source: Zacks Investment Research
Fri, 23 Feb 2024 12:35:25 -0500
Sentiment: Negative
Got $1,000? Buy These Hot Growth Stocks Before They Take Off
ResMed makes medical devices for sleep apnea and COPD, a potential market of over a billion people. DexCom is a market leader in continuous glucose monitoring devices for diabetes patients.
Source: The Motley Fool
Thu, 22 Feb 2024 09:53:00 -0500
Sentiment: Positive
Here's Why Investors Should Retain ResMed (RMD) Stock for Now
Investors are optimistic about ResMed's (RMD) increased adoption of AirSense10 and AirSense11 devices.
Source: Zacks Investment Research
Tue, 20 Feb 2024 14:36:05 -0500
Sentiment: Positive
ResMed (RMD) to Treat Sleep Apnea With New AirCurve 11 (Revised)
ResMed's (RMD) new AirCurve11 series incorporates MyAir and AirView digital health apps to provide maximum comfort and support during therapy.
Source: Zacks Investment Research
Fri, 16 Feb 2024 11:30:31 -0500
Sentiment: Neutral
ResMed (RMD) to Treat Sleep Apnea With New AirCurve 11 Device
ResMed's (RMD) new AirCurve11 series incorporates myAir and AirView digital health apps to provide maximum comfort and support during therapy.
Source: Zacks Investment Research
Tue, 13 Feb 2024 11:26:03 -0500
Sentiment: Neutral
Instituions Institution %: 56.428
Last QTR Institution change: 1860717

Insiders
Insiders %: 0.819
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 49828
Insiders Net last QTR: -49828

Analyst Ratings
Target Price: 184
Overall Rating: 4
Strong Buys (5): 7
Buys (4): 3
Holds (3): 5
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 241.0375
52 Week Low: 131.4858
Beta: 0.692
50 Day MA: 178.041
200 Day MA: 179.4003

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.072
Qtr Revenue Growth YOY: 0.125
Forward PE: 25.1256
Trailing PE: 30.4702

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