We assign a technical rating of 2 out of 10 to RAIN. RAIN'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 technical rating of RAIN 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
3.54
We found 5 important support areas.
- Support @4.78 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.42 to 4.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.26 from a trend line in the daily time frame.
- Support @3.78 from a trend line in the daily time frame.
- Support @3.58 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 | NEUTRAL | NEUTRAL | The short term trend for RAIN is neutral. |
| ChartMill Relative Strength | 29.63 | NEGATIVE | RAIN has a low relative strength, it was outperformed by 70.37% 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) | DOWN | NEGATIVE | The current price of RAIN is below a declining 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) | 40.87 | NEUTRAL | The RSI value for RAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RAIN has a negative trend. |
| Stochastics (14,3) | 35.15 | NEUTRAL | The Stochastics value for RAIN is a neutral value. |
| Average True Range in percent/ATR (20) | 18.35 | HIGH VOLATILITY | The high ATR as a percentage value for RAIN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.12 | POSITIVE | The high ADX value value for RAIN suggests a strong trend. |
5
-0.84 (-14.38%)
RAIN ENHANCEMENT TECHNO-CL A / RAIN FAQ
Can you provide the ChartMill technical rating for RAIN ENHANCEMENT TECHNO-CL A?
ChartMill assigns a technical rating of 2 / 10 to RAIN.
What is the trend direction for RAIN stock?
The current trend direction for RAIN ENHANCEMENT TECHNO-CL A (RAIN) is Bearish.
Can you provide the RSI signal for RAIN ENHANCEMENT TECHNO-CL A?
RAIN ENHANCEMENT TECHNO-CL A (RAIN) has an RSI value of 40.8743. This indicates that the stock is currently neutral.
What is the MACD signal for RAIN ENHANCEMENT TECHNO-CL A (RAIN) stock?
The MACD indicator for RAIN ENHANCEMENT TECHNO-CL A (RAIN) has a value of -0.133923, indicating a bearish trend.
What are the support and resistance levels for RAIN ENHANCEMENT TECHNO-CL A (RAIN) stock?
RAIN ENHANCEMENT TECHNO-CL A (RAIN) has a support level at 4.78. Check the full technical report for our detailed analysis of RAIN support and resistance levels.