Technical Analysis for RDY - Dr. Reddy's Laboratories Ltd

Grade Last Price % Change Price Change
F 68.26 -1.50% -1.04
RDY closed down 1.5 percent on Friday, May 17, 2024, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: May 22
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -1.50%
Down 3 Days in a Row Weakness -1.50%
Oversold Stochastic Weakness -1.50%
Multiple of Ten Bearish Other -2.00%
Gapped Up Strength -2.00%
Oversold Stochastic Weakness -2.00%
New Downtrend Bearish -2.02%

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Profile

Dr. Reddy's Laboratories Ltd Description

Dr. Reddy's Laboratories Limited operates as an integrated pharmaceutical company. It operates in three segments: Pharmaceutical services and Active Ingredients (PSAI), Global Generics, and Proprietary Products. The PSAI segment develops active pharmaceutical ingredients (APIs) and intermediaries, which are used as principal ingredients for finished pharmaceutical products. This segment also offers contract research services to biotech and pharmaceutical companies; and manufactures and sells APIs and steroids in accordance with the specific customer requirements. The Global Generics segment produces and markets finished pharmaceutical products as branded formulations or generic finished dosages. This segment also engages in the operation of biologics business. The Proprietary Products segment engages in the discovery and development of new chemical entities for subsequent commercialization and out-licensing. It offers new, synergistic combination, and technology formulations that modifies pharmacokinetics of existing medicines. This segment is also involved in the Company's specialty pharmaceuticals business that includes sales and marketing operations for in-licensed and co-developed dermatology. The company offers its products and services primarily in the areas of gastrointestinal, cardiovascular, pain management, and oncology therapies. It primarily operates in India, the United States, Russia and other countries of the former Soviet Union, Europe, and others. Dr. Reddy's Laboratories Limited was founded in 1984 and is headquartered in Hyderabad, India.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Pharmaceutical Pharmaceutical Products Gastrointestinal Dermatology Pain Management Active Pharmaceutical Ingredients Pharmacokinetics Chemical Entities Oncology Therapies Contract Research Services Pharmaceutical Industry In India Pharmaceutical Services Biotech And Pharmaceutical

Is RDY a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 77.72
52 Week Low 53.0808
Average Volume 204,988
200-Day Moving Average 70.13
50-Day Moving Average 72.83
20-Day Moving Average 71.91
10-Day Moving Average 70.31
Average True Range 1.13
RSI (14) 32.43
ADX 28.03
+DI 16.21
-DI 41.11
Chandelier Exit (Long, 3 ATRs) 72.03
Chandelier Exit (Short, 3 ATRs) 71.56
Upper Bollinger Bands 76.42
Lower Bollinger Band 67.39
Percent B (%b) 0.1
BandWidth 12.56
MACD Line -1.09
MACD Signal Line -0.67
MACD Histogram -0.422
Fundamentals Value
Market Cap 11.37 Billion
Num Shares 167 Million
EPS 3.77
Price-to-Earnings (P/E) Ratio 18.11
Price-to-Sales 0.05
Price-to-Book 3.82
PEG Ratio 4.87
Dividend 40.00
Dividend Yield 58.60%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 69.79
Resistance 3 (R3) 69.93 69.55 69.54
Resistance 2 (R2) 69.55 69.16 69.49 69.45
Resistance 1 (R1) 68.91 68.92 68.72 68.77 69.36
Pivot Point 68.53 68.53 68.44 68.47 68.53
Support 1 (S1) 67.89 68.14 67.70 67.75 67.16
Support 2 (S2) 67.51 67.90 67.45 67.07
Support 3 (S3) 66.87 67.51 66.99
Support 4 (S4) 66.73