RYDER SYSTEM INC (R) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:R - US7835491082 - Common Stock
We assign a technical rating of 7 out of 10 to R. Although R is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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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150.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 176.06 to 177.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 165.59 to 167.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 160.20 to 162.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @151.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @198.03 from a horizontal line in the daily time frame.
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 | 68.61 | NEUTRAL | R is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of R is above a declining 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) | 62.64 | NEUTRAL | The RSI value for R is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.51 | POSITIVE | The MACD value suggests R has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.4 | OVERBOUGHT | The high Stochastics value suggests R may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for R suggests some volalility. |
| Average Directional Index/ADX (14) | 27.51 | POSITIVE | The high ADX value value for R suggests a strong trend. |
189.54
-8.48 (-4.28%)
RYDER SYSTEM INC / R FAQ
What is the ChartMill technical rating of RYDER SYSTEM INC (R) stock?
ChartMill assigns a technical rating of 7 / 10 to R.
What is the current trend direction of RYDER SYSTEM INC (R) stock?
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 62.6354. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for RYDER SYSTEM INC?
The buy/sell signal for RYDER SYSTEM INC (R) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for RYDER SYSTEM INC?
RYDER SYSTEM INC (R) has a support level at 177.64 and a resistance level at 198.03. Check the full technical report for our detailed analysis of R support and resistance levels.