RAIN ENHANCEMENT TECHNO-CL A (RAIN) Stock Technical Analysis
NASDAQ:RAIN - Nasdaq - US75080J1034 - Common Stock - Currency: USD
Taking everything into account, RAIN scores 5 out of 10 in our technical rating. Although RAIN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RAIN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RAIN has a been trading in the 2.80 - 7.65 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, RAIN did better than 98% of all other stocks. On top of that, RAIN also shows a nice and consistent pattern of rising prices.
RAIN is one of the better performing stocks in the Machinery industry, it outperforms 97% of 128 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Considerably lower volume is observed in the last couple of days.
RAIN has an average technical rating and also the quality of the setup is only medium 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
2.37
6.69
When analyzing the support we can see 2 important areas.
- Support @2.97 from a trend line in the daily time frame.
- Support @2.39 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.42 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.79 to 3.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.62 from a trend line in the weekly 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 RAIN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAIN is down. |
| ChartMill Relative Strength | 98.52 | POSITIVE | RAIN has a high relative strength, it outperformed 98.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RAIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RAIN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RAIN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.16 | NEUTRAL | The RSI value for RAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests RAIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.7 | NEUTRAL | The Stochastics value for RAIN is a neutral value. |
| Average True Range in percent/ATR (20) | 21.87 | HIGH VOLATILITY | The high ATR as a percentage value for RAIN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.6 | NEGATIVE | The low ADX value for RAIN suggests a weak or negative 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)
3.41
-0.07 (-2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.01%
1 Week-5.69%
2 Weeks-3.44%
1 Month-41.74%
3 Month76.43%
6 Month190%
12 Month210.71%
2 Year-37.41%
3 Year-77.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%21.87%
ATR Inc-49.79%
Range Today0.23
ADR(20)0.74
ADR(20)%21.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.52
Mansfield3.98
10 Day High4.11
10 Day Low2.8
20 Day High7.65
20 Day Low2.8
52 Week High10.84
52 Week Low0.82
CS1 End3.47
CR1 Start3.79
Volume & EV
DER(3)5.67%
DER(5)12.04%
Volume1.93K
Volume Incr-81.82%
Vol(5)6.32K
Vol(50)46.17K