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Stock Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
DR Reddy Labs (NYSE:RDY)
Long-Term Uptrend (+90) - RDY is in a strong uptrend that is likely to continue. While RDY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RDY?
MarketClub looks at technical strength and momentum to determine if the timing is right for RDY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RDY
The long-term trend has been UP since Jan 2nd, 2024 at 70.0400
The intermediate-term trend has been UP since Apr 26th, 2024 at 74.4400
The short-term trend has been UP since May 3rd, 2024 at 75.1899
Smart Scan Analysis for RDY
Based on our trend formula, RDY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.890 | 75.430 | 74.705 | 75.190 | +0.410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.780 | 113749 | 2024-05-03 13:22:03 |
| Year High | 39.96 | Year High Date | 2018-01-24 |
| Year Low | 28.13 | Year Low Date | 2018-05-21 |
| 52wk High | 77.72 | 52wk High Date | 2024-02-23 |
| 52wk Low | 53.12 | 52wk Low Date | 2023-05-18 |
| Year End Close | 33.29 | Average Volume | 186,945 |
| Shares Outstanding | 169,560 | Short Interest | 826,449 |
| % Institutional | 13.1 | Market Cap | 6,438M |
| Assets | 372,842,000M | Liabilities | 104,992,000M |
| P/E Ratio | 19.8513 | Beta | 0.76 |
| Volatility | 34.16 |