RANA Technical Analysis - RANA GRUBER ASA

Technical Rating and Analysis

Taking everything into account, RANA scores 0 out of 10 in our technical rating. RANA'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.

When comparing the yearly performance of all stocks, RANA is a bad performer in the overall market: 83% of all stocks are doing better.

RANA is part of the Metals & Mining industry. There are 43 other stocks in this industry, of which 66% are performing better than RANA.

RANA 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 RANA has a been trading in the 63.50 - 67.80 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RANA GRUBER ASA / RANA Weekly stock chart

RANA GRUBER ASA / RANA Daily stock chart

Setup Rating and Analysis

The technical rating of RANA 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

62.37

74.03

We can see 3 important resistance areas.

A resistance zone ranging from 63.69 to 63.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 65.32 to 68.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 72.00 to 73.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for RANA.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RANA.OL is down.
ChartMill Relative Strength	17.86	NEGATIVE	RANA.OL has a low relative strength, it was outperformed by 82.14% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RANA.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RANA.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RANA.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.9	NEUTRAL	The RSI value for RANA.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests RANA.OL has a negative trend.
Stochastics (14,3)	4.82	OVERSOLD	The low Stochastics value suggests RANA.OL may be oversold.
Average True Range in percent/ATR (20)	1.69	LOW VOLATILITY	The low ATR as a percentage value for RANA.OL suggests low volalility.
Average Directional Index/ADX (14)	16.41	NEGATIVE	The low ADX value for RANA.OL suggests a weak or negative trend.