RITE AID CORP (RAD) Stock Technical Analysis
NYSE:RAD - New York Stock Exchange, Inc. - US7677548726 - Common Stock - Currency: USD
Overall RAD gets a technical rating of 0 out of 10. RAD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RAD is a bad performer in the overall market: 97% of all stocks are doing better.
RAD is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 89% 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.
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
0.64
1.06
When analyzing the resistance we notice one important 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.6483
-0.13 (-16.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-16.81%
1 Week19.83%
2 Weeks44.71%
1 Month-2.92%
3 Month-57.9%
6 Month-73.54%
12 Month-83.2%
2 Year-95.23%
3 Year-92.91%
5 Year-97.3%
10 Year-99.39%
15 Year-93.25%
Volatility
ATR(14)0.13
ATR(20)%17.84%
ATR Inc46.43%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.23
Mansfield-7.72
10 Day High0.96
10 Day Low0.41
20 Day High0.96
20 Day Low0.38
52 Week High7.37
52 Week Low0.38
CS1 EndN/A
CR1 Start1.04
Volume & EV
DER(3)-2.9%
DER(5)1.59%
Volume2.43M
Volume Incr-0.37%
Vol(5)6.26M
Vol(50)7.96M