RANI Technical Analysis - RANI THERAPEUTICS HOLDINGS-A

Technical Rating and Analysis

Taking everything into account, RANI scores 1 out of 10 in our technical rating. RANI'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than RANI.

RANI is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, of which 84% are performing better than RANI.

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 0.44 - 0.58 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

RANI THERAPEUTICS HOLDINGS-A / RANI Weekly stock chart

RANI THERAPEUTICS HOLDINGS-A / RANI Daily stock chart

Setup Rating and Analysis

RANI has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.47

0.62

4 important resistance areas can be observed.

A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.57 from a trend line in the daily time frame.
Resistance @0.61 from a trend line in the weekly time frame.

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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 RANI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RANI is down.
ChartMill Relative Strength	3.28	NEGATIVE	RANI has a low relative strength, it was outperformed by 96.72% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RANI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of RANI is below the rising 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)	44.64	NEUTRAL	The RSI value for RANI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests RANI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	33.16	NEUTRAL	The Stochastics value for RANI is a neutral value.
Average True Range in percent/ATR (20)	7.48	HIGH VOLATILITY	The high ATR as a percentage value for RANI suggests high volalility.
Average Directional Index/ADX (14)	16.55	NEGATIVE	The low ADX value for RANI suggests a weak or negative trend.