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Stock Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

DR Reddy Labs (NYSE:RDY)

Sidelines Mode (-55) - RDY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open High Low RDY Price Change
67.620 67.850 66.800 66.915 +0.875
Entry Signal

MarketClub’s Trade Triangles for RDY

long term up The long-term trend has been UP since Nov 1st, 2022 at 55.29

intermediate term down The intermediate-term trend has been DOWN since Aug 30th, 2023 at 68.82

short term up The short-term trend has been UP since Sep 29th, 2023 at 66.60

Smart Scan Analysis for RDY

Based on our trend formula, RDY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for RDY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
67.620 67.850 66.800 66.915 +0.875
Prev. Close Volume Bid Ask Time
66.870 221012 2023-09-29 15:59:52
Year High39.96Year High Date2018-01-24
Year Low28.13Year Low Date2018-05-21
52wk High73.1752wk High Date2023-08-23
52wk Low50.4652wk Low Date2022-10-13
Year End Close33.29Average Volume255,038
Shares Outstanding169,560Short Interest826,449
% Institutional13.1Market Cap6,438M
P/E Ratio29.7108Beta0.76
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