RITE AID CORP (RAD) Technical Analysis
NYSE:RAD • US7677548726
Current stock price
RAD Technical Rating and Analysis
Taking everything into account, RAD scores 0 out of 10 in our technical rating. RAD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 97% of all other stocks performed better in the past year than RAD.
- RAD is part of the Consumer Staples Distribution & Retail industry. There are 37 other stocks in this industry, of which 88% are performing better than RAD.
- RAD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- RAD has an average volume of 7962300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month RAD has a been trading in the 0.38 - 0.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RAD Weekly and Daily overview Charts
RAD Setup Rating and Analysis
The technical rating of RAD is bad and it also does not present a quality setup 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.
More info and screens
RAD Support and Resistance Analysis
0.64
We found 1 important resistance area.
- A resistance zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
RAD Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for RAD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RAD is neutral. |
| ChartMill Relative Strength | 3.23 | NEGATIVE | RAD has a low relative strength, it was outperformed by 96.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RAD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RAD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RAD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.13 | NEUTRAL | The RSI value for RAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RAD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.09 | NEUTRAL | The Stochastics value for RAD is a neutral value. |
| Average True Range in percent/ATR (20) | 17.84 | HIGH VOLATILITY | The high ATR as a percentage value for RAD suggests high volalility. |
| Average Directional Index/ADX (14) | 20.38 | NEUTRAL | The ADX value for RAD suggests a possible start of a new trend. |
RAD Chart- and CandleStick Pattern Analysis
RAD Technicals: Chart, Performance Metrics, Trend & Indicators
0.6483
-0.13 (-16.81%)
RITE AID CORP / RAD TA FAQ
What is the ChartMill technical rating of RITE AID CORP (RAD) stock?
ChartMill assigns a technical rating of 0 / 10 to RAD.
What is the trend direction for RAD stock?
The current trend direction for RITE AID CORP (RAD) is Bearish.
What is the RSI signal for RAD stock?
RITE AID CORP (RAD) has an RSI value of 46.1331. This indicates that the stock is currently neutral.
What is the MACD signal for RAD stock?
The MACD indicator for RITE AID CORP (RAD) has a value of 0.0590686, indicating a bearish trend.
What is the short term momentum for RITE AID CORP (RAD) stock?
The short term momentum for RITE AID CORP (RAD) is neutral.