RMD Forecast


Bullish Case: ResMed, buoyed by recent strong financials and innovation, continues robust SaaS growth. A favorable resolution in patent litigation epitomizes its commitment to defending market space, thereby potentially driving stock value.


Bearish Case: Amid rising competition from Philips and fluctuating market dynamics, ResMed faces headwinds. Potential market saturation and insider selling might lead to investor skepticism, risking a downturn.


Potential Outcomes:

1. ResMed's market share grows (+30%) via sustained innovation.

2. Philips competition erodes market share (-40%).

3. Insider selling intensifies, affecting stock price stability (-30%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


May 14, 2024


Resmed Forecast

RMD        Resmed
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with RMD



MGNI Forecast + Options Trading Strategies   MGNI  Magnite (0.88)


HOLX Forecast + Options Trading Strategies   HOLX  Hologic (0.88)


WWW Forecast + Options Trading Strategies   WWW  Wolverine World Wide (0.87)


SON Forecast + Options Trading Strategies   SON  Sonoco Products (0.86)


ZBH Forecast + Options Trading Strategies   ZBH  Zimmer Biomet (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to RMD



TMUS Forecast + Options Trading Strategies   TMUS  T-Mobile US (0.0)


ARDX Forecast + Options Trading Strategies   ARDX  Ardelyx (0.0)


GDS Forecast + Options Trading Strategies   GDS  GDS (0.0)


CLBT Forecast + Options Trading Strategies   CLBT  Cellebrite DI (-0.0)


STRA Forecast + Options Trading Strategies   STRA  Strategic Education (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against RMD



CQP Forecast + Options Trading Strategies   CQP  Cheniere Energy (-0.77)


UUUU Forecast + Options Trading Strategies   UUUU  Energy Fuels (-0.78)


TIGR Forecast + Options Trading Strategies   TIGR  UP Fintech (-0.8)


LEU Forecast + Options Trading Strategies   LEU  Centrus Energy (-0.8)


DLO Forecast + Options Trading Strategies   DLO  DLocal (-0.83)





Become a more profitable investor with AI optimized trading strategies






×

Chat with RMD


 Ask any question about RMD!