RAIN ENHANCEMENT TECHNO-CL A (RAIN) Technical Analysis
NASDAQ:RAIN • US75080J1034
Overall RAIN gets a technical rating of 1 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 75% of all other stocks performed better in the past year than RAIN.
- RAIN is part of the Machinery industry. There are 131 other stocks in this industry, of which 65% are performing better than RAIN.
- 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.
- 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.
- In the last month RAIN has a been trading in the 2.07 - 3.04 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, RAIN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.81. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for RAIN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.26
When analyzing the support we can see 2 important areas.
- Support @2.50 from a horizontal line in the daily time frame.
- Support @2.28 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.81 to 2.82. This zone is formed by a combination of multiple trend lines 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 RAIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAIN is down. |
| ChartMill Relative Strength | 25.34 | NEGATIVE | RAIN has a low relative strength, it was outperformed by 74.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAIN is above the rising 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) | DOWN | NEGATIVE | The current price of RAIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.93 | NEUTRAL | The RSI value for RAIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RAIN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.53 | NEUTRAL | The Stochastics value for RAIN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.61 | HIGH VOLATILITY | The high ATR as a percentage value for RAIN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.92 | NEUTRAL | The ADX value for RAIN suggests a possible start of a new trend. |
RAIN Technicals: Chart, Performance Metrics, Trend & Indicators
2.8
-0.01 (-0.36%)
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 1 / 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 49.9305. 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 0.093879, 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 2.5 and a resistance level at 2.81. Check the full technical report for our detailed analysis of RAIN support and resistance levels.