Best ways to trade: ResMed Inc.

Ticker: RMD
Asset type: Stocks
Last updated: Saturday, March 02, 2024 at 08:00 AM

Follow the section below to learn how to trade. Remember that past results are not necessarily indicative of future results. Learn more in the disclaimer. Pine Script™ is registered by TradingView Inc, for more info click here.

How easy it is to trade ResMed Inc.

Let’s start with a general overview of the asset to understand how it has performed in the past. This section compares how the traders perform, analyzing those we monitor. The most critical data are the max return from the best trader, how many are profitable, and our score, which measures how much is easy compared to other assets of the same type.

Traders results for ResMed Inc. (RMD)
WTT easy score
This indicator expresses how easy it was to trade in the last week

Let’s analyze the details of what happened:

Active Traders
47 of 3840
Traders still trading this asset

How many traders are trading ResMed Inc.?

We are actively monitoring 3840 traders and their strategies. On 02-03-2024, there were still 47 traders trading ResMed Inc.. This suggests the popularity of ResMed Inc. as an under-the-radar asset.
All time return
Highest return between our traders

What was the best return trading ResMed Inc.?

We discovered that 47 traders had been analysed, with the top return being 8.95% on ResMed Inc..
Profitable traders
How many are profitable

How many traders are profittable day trading ResMed Inc.?

At the moment 6.98% of the traders are creating some profit from their strategies.
Best Trading Strategy
The most effective trading strategy

Which day trading strategy is the most efective for ResMed Inc.?

In the last period Momentum has been the most effective trading strategy.

If you don’t know what a trading strategy is, please check the training section(Trading Strategies).

Traders attitude
Traders attitude in the last 7 days

What is the opinion of traders on the value of ResMed Inc.?

The current attitude of the investors regarding the asset is risk-on.

Best trading strategy for ResMed Inc. (BETA)

In this section, we are going to detail the trading strategy that is currently the most effective. Please refer to the training (trading strategies) section for more information. This strategy is created by analyzing thousands of strategies and combining the best features to form a new, optimized approach. We advise that this new feature is currently in BETA testing phase (Hazel AI system). Please be aware of its experimental nature and potential for unexpected issues or limited functionality.

Strategy Class
Current best
Annual return
Estimated of the annual return
Time scale
Current best
Win Trades
% win trades
Num trades
Trades executed
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Download the strategy for ResMed Inc.

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Let’s analyze the details of the strategy: 


Explore the following key trading indicators that can help analyze price movements and guide trading decisions for ResMed Inc..
First indicator

Best lagging indicator for ResMed Inc.

 The first indicator is the most important for a strategy; what you find here are the parameters that must be used operationally.

Second indicator

Best leading indicator for ResMed Inc.

 The second indicator is also quite important for a strategy; Using two technical indicators in a strategy provides more confirmation and reduces false signals, leading to improved decision-making and potentially higher accuracy in identifying market trends and entry/exit points.

Macro Indicator
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Best macro indicator for ResMed Inc.

The third indicator focus on economic, financial, or geopolitical factors that impact asset prices. Fundamental indicators may include interest rates, economic growth, earnings reports, and news events. 

Entry point strategy

Discover potential entry points for ResMed Inc..
Main entry strategy
RSI < 22 and MACD > signal
The current best strategy for entry

Technical indicator entry strategy for ResMed Inc.

When combining indicators in a trading strategy for entry points, one approach is to look for convergence or agreement between multiple indicators. For example, if both the moving average crossover and the relative strength index (RSI) indicate a bullish signal, it strengthens the likelihood of a successful trade. This convergence provides more confidence in the entry point and increases the probability of a favorable outcome.

Other entry strategy
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Other entry strategy for ResMed Inc.

Available only in the premium version.

Alerts to monitor
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Alerts to monitor for ResMed Inc.

Available only in the premium version.

Exit point strategy

Discover potential exit points for ResMed Inc..
Main exit strategy
RSI > 78 and MACD < signal
The current best strategy for exit

Best exit strategy for ResMed Inc.

here you can find the detail for Implement an effective exit strategy for ResMed Inc..
Alerts to monitor
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Alerts to monitor for ResMed Inc.

Available only in the premium version.

Trading guide for ResMed Inc.

WTT score
Taking a closer look at ResMed Inc., this analysis wants to shed light on what the trading experience is. Investors should brace for substantial price oscillations. ResMed Inc. requires a measured approach to trading. The asset is demonstrating a vigorous upward momentum, indicative of a strong market rally. After careful consideration of the aforementioned factors, it becomes evident that trading with ResMed Inc. is reasonably advised.
– Moderate volatility offers a balance between risk and potential returns.

– Ascending trends coupled with investor enthusiasm foretell a bountiful market.

– Heightened risk of market corrections during strong uptrends.

Trend analysis

This section lists the main factor or risks of trading this product. Like the previous insights, we use data from our traders to analyze the risk factor of the asset. The most crucial point is how many traders are in green; a percentage below 20% indicates an investment that is very difficult to trade. 

Trend analysis for ResMed Inc. (RMD)

Market regimes are periods of persistent market conditions. They affect the relevance of investment factors and the success of trading strategies. 

How long the situation will stay similar for ResMed Inc.?

Within this section, we analyze the likelihood of market conditions enduring for ResMed Inc..At present, the market is exhibiting a risk on sentiment. Over the past few weeks, the market has experienced an oscillation of 0.49 points, exhibiting a upward trend over 34001 periods. The market appears to be in a persistent phase. The market has shown relatively stable price movements, signifying bullish tendencies and possible avenues for investment.
How long is lasting?
2 Days
The number of days this trend is lasting

How long this trend is lasting for ResMed Inc.?

Alerts and risk factors

These are factors that can potentially change the perception of the stock. These factors can lead to a change in the regime. Please refer to the training section for more information.

Risk factor 1

Headline Risk
Type: News

What is the main risk factor for ResMed Inc.?

Risk factor 2

Competitive risk
Type: Operational

What is the second most important factor for ResMed Inc.?

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