RYDER SYSTEM INC (R) Stock Technical Analysis
NYSE:R • US7835491082
Overall R gets a technical rating of 10 out of 10. Both in the recent history as in the last year, R has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, R did better than 84% of all other stocks.
- R is one of the better performing stocks in the Ground Transportation industry, it outperforms 90% of 42 stocks in the same industry.
- R is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so R is lagging the market slightly.
- R is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Although R has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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169.22
4 important support areas can be observed.
- A support zone ranging from 194.60 to 197.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 187.16 to 190.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @176.50 from a trend line in the weekly time frame.
- Support @170.93 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 217.51 to 217.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for R is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for R is up. |
| ChartMill Relative Strength | 84.6 | POSITIVE | R has a high relative strength, it outperformed 84.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of R is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of R is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of R is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.05 | NEUTRAL | The RSI value for R is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1 | POSITIVE | The MACD value suggests R has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.61 | NEUTRAL | The Stochastics value for R is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for R suggests some volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for R suggests a strong trend. |
213.77
+5.76 (+2.77%)
RYDER SYSTEM INC / R FAQ
What is the ChartMill technical rating of RYDER SYSTEM INC (R) stock?
ChartMill assigns a technical rating of 10 / 10 to R.
Can you provide the trend direction for RYDER SYSTEM INC?
The current trend direction for RYDER SYSTEM INC (R) is Bullish.
What is the RSI signal for R stock?
RYDER SYSTEM INC (R) has an RSI value of 62.0486. This indicates that the stock is currently neutral.
What is the short term momentum for R stock?
The short term momentum for RYDER SYSTEM INC (R) is positive.
What are the support and resistance levels for RYDER SYSTEM INC (R) stock?
RYDER SYSTEM INC (R) has a support level at 197.13 and a resistance level at 217.51. Check the full technical report for our detailed analysis of R support and resistance levels.