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Uptrend SupportArchive
- 7/24/2026 -
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ResMed (RMD) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the ResMed (RMD). During the week, the RMD dropped -3.72 points, or -1.87%, and closed at 195.27 on Friday, July 24, 2026. Weekly volume was -13% below average.
RMD is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See RMD long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 132.26 and reached 293.81 on August 22, 2025. RMD gained -161.55 points, or -122.15%, in 95 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (268.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. RMD may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See RMD medium-term trend chart]
A medium-term downtrend had started on August 22, 2025 at 293.81 and reached 180.27 on June 2, 2026. RMD lost 113.54 points, or 38.64%, in 40 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 163.75 and resistance is at 262.08. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See RMD weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 10, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See RMD short-term trend chart]
A short-term downtrend had started on July 6, 2026 at 222.43 and reached 190.21 on July 23, 2026. RMD lost 32.22 points, or 14.49%, in 17 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (190.21) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
Daily Technical Indicators: [See RMD daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
The daily MACD line is below its signal line since July 13, 2026. This is an indication that the short-term trend is down.
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