Londinia Opportunities Analyses - 05/16/2024 (GMT) REVOLUTION MEDICINES INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	RVMD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 39.49 USD

My targets

40.21 USD (+1.06%)

41.74 USD (+4.90%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REVOLUTION MEDICINES INC. as long as the price remains well above 39.49 USD. The buyers' bullish objective is set at 40.21 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.74 USD. If there is any crossing, the next objective would be the resistance located at 45.47 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The REVOLUTION MEDICINES INC. rating is 39.79 USD. The price registered an increase of +1.02% on the session with the lowest point at 38.69 USD and the highest point at 39.79 USD. The deviation from the price is +2.84% for the low point and 0% for the high point.

38.69

39.79

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of REVOLUTION MEDICINES INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.41	37.89	39.49	39.79	40.21	41.74	45.47
Change (%)	-5.98%	-4.78%	-0.75%	-	+1.06%	+4.90%	+14.27%
Change	-2.38	-1.90	-0.30	-	+0.42	+1.95	+5.68
Level	Minor	Major	Minor	-	Major	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.49	37.28	38.34	39.13	40.19	40.98	42.04
Camarilla	38.88	39.05	39.22	39.39	39.56	39.73	39.90
Woodie	36.62	37.35	38.47	39.20	40.32	41.05	42.17
Fibonacci	37.28	37.99	38.43	39.13	39.84	40.28	40.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.00	34.96	36.10	38.06	39.20	41.16	42.30
Camarilla	36.40	36.68	36.97	37.25	37.53	37.82	38.10
Woodie	32.60	34.76	35.70	37.86	38.80	40.96	41.90
Fibonacci	34.96	36.14	36.87	38.06	39.24	39.97	41.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.46	26.01	31.64	35.19	40.82	44.37	50.00
Camarilla	34.76	35.60	36.44	37.28	38.12	38.96	39.81
Woodie	23.51	26.53	32.69	35.71	41.87	44.89	51.05
Fibonacci	26.01	29.51	31.68	35.19	38.69	40.86	44.37

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.86
MACD (12,26,9):	0.4600
Directional Movement:	5.94
AROON (14):	85.71
DEMA (21):	39.13
Parabolic SAR (0,02-0,02-0,2):	38.54
Elder Ray (13):	0.34
Super Trend (3,10):	37.91
Zig ZAG (10):	39.57
VORTEX (21):	1.0700
Stochastique (14,3,5):	79.92
TEMA (21):	39.61
Williams %R (14):	-12.07
Chande Momentum Oscillator (20):	1.88
Repulse (5,40,3):	0.9800
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	10.43

MA7:	38.08
MA20:	37.57
MA50:	34.68
MA100:	31.78
MAexp7:	39.26
MAexp20:	38.62
MAexp50:	38.25
MAexp100:	37.75
Price / MA7:	+4.49%
Price / MA20:	+5.91%
Price / MA50:	+14.73%
Price / MA100:	+25.20%
Price / MAexp7:	+1.35%
Price / MAexp20:	+3.03%
Price / MAexp50:	+4.03%
Price / MAexp100:	+5.40%

Quotes : - 15 min delayed data - Actions NASDAQ

News

Don't forget to follow the news on REVOLUTION MEDICINES INC.. At the time of publication of this analysis, the latest news was as follows: