RANI THERAPEUTICS HOLDINGS-A (RANI) Stock Technical Analysis
NASDAQ:RANI - Nasdaq - US7530181004 - Common Stock - Currency: USD
Taking everything into account, RANI scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RANI was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, RANI is a bad performer in the overall market: 99% of all stocks are doing better.
RANI is one of the lesser performing stocks in the Pharmaceuticals industry. 89% of 193 stocks in the same industry do better.
RANI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RANI has a been trading in the 0.49 - 0.68 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of RANI is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.48
0.83
We found 2 important support areas.
- A support zone ranging from 0.63 to 0.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.82 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 | DOWN | NEGATIVE | The long term trend for RANI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RANI is up. |
| ChartMill Relative Strength | 1.34 | NEGATIVE | RANI has a low relative strength, it was outperformed by 98.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RANI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RANI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RANI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.26 | NEUTRAL | The RSI value for RANI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RANI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.21 | OVERBOUGHT | The high Stochastics value suggests RANI may be overbought. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for RANI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for RANI suggests a possible start of a new 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)
0.6984
+0.05 (+8.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg8.45%
1 Week20.28%
2 Weeks24.56%
1 Month12.98%
3 Month-45.88%
6 Month-48.48%
12 Month-82.59%
2 Year-84.95%
3 Year-94.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.55%
ATR Inc14.06%
Range Today0.31
ADR(20)0.04
ADR(20)%5.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.34
Mansfield-6.49
10 Day High0.68
10 Day Low0.5
20 Day High0.68
20 Day Low0.49
52 Week High4.19
52 Week Low0.46
CS1 End0.64
CR1 Start0.65
Volume & EV
DER(3)-19.89%
DER(5)-11.12%
Volume61.16M
Volume Incr37.24%
Vol(5)444.64K
Vol(50)546.65K