RAL Technical Analysis - RALLIANT CORP

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to RAL. RAL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, RAL is a bad performer in the overall market: 100% of all stocks are doing better.

RAL is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, of which 96% are performing better than RAL.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

RAL has an average volume of 1097000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month RAL has a been trading in the 41.12 - 45.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, RAL 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 43.75. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

40.83

45.55

2 important support areas can be observed.

A support zone ranging from 42.80 to 43.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 41.24 to 41.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 43.75 to 45.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for RAL is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RAL is neutral.
ChartMill Relative Strength	0	NEGATIVE	RAL has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of RAL is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of RAL is above a declining SMA(50).
Relative Strength Index/RSI (14)	51.76	NEUTRAL	The RSI value for RAL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests RAL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	35.19	NEUTRAL	The Stochastics value for RAL is a neutral value.
Average True Range in percent/ATR (20)	3.22	MEDIUM VOLATILITY	The ATR as a percentage value for RAL suggests some volalility.
Average Directional Index/ADX (14)	11.62	NEGATIVE	The low ADX value for RAL suggests a weak or negative trend.