FREIGHTCAR AMERICA INC (RAIL) Stock Technical Analysis
NASDAQ:RAIL - Nasdaq - US3570231007 - Common Stock - Currency: USD
Taking everything into account, RAIL scores 8 out of 10 in our technical rating. In the past year, RAIL was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, RAIL did better than 95% of all other stocks.
RAIL is one of the better performing stocks in the Machinery industry, it outperforms 96% of 128 stocks in the same industry.
In the last month RAIL has a been trading in the 5.95 - 8.04 range, which is quite wide. It is currently trading near the high of this range.
RAIL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RAIL is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RAIL has an excellent technical rating, it does not offer a high 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
4.07
10.27
We found 4 important support areas.
- A support zone ranging from 7.16 to 7.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.93 to 6.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.98 from a trend line in the weekly time frame.
- Support @4.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.75 from a trend line in the weekly time frame.
- Resistance @10.17 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for RAIL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RAIL is up. |
| ChartMill Relative Strength | 95.89 | POSITIVE | RAIL has a high relative strength, it outperformed 95.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAIL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RAIL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.91 | NEUTRAL | The RSI value for RAIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RAIL has a positive trend. |
| Stochastics (14,3) | 83.36 | OVERBOUGHT | The high Stochastics value suggests RAIL may be overbought. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for RAIL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.97 | POSITIVE | The high ADX value value for RAIL suggests a strong 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)
7.99
+0.48 (+6.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg6.39%
1 Week12.54%
2 Weeks8.41%
1 Month38.24%
3 Month-1.48%
6 Month-18.47%
12 Month114.79%
2 Year184.34%
3 Year75.99%
5 Year565.83%
10 Year-64.36%
15 Year-70.21%
Volatility
ATR(14)0.4
ATR(20)%6.16%
ATR Inc6.37%
Range Today0.66
ADR(20)0.46
ADR(20)%5.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.89
Mansfield-0.35
10 Day High8.04
10 Day Low6.86
20 Day High8.04
20 Day Low5.95
52 Week High16.1
52 Week Low3.02
CS1 End7.17
CR1 Start9.75
Volume & EV
DER(3)1.27%
DER(5)0.28%
Volume255.60K
Volume Incr-46.3%
Vol(5)154.72K
Vol(50)252.90K