RANI THERAPEUTICS HOLDINGS-A (RANI) Stock Technical Analysis
NASDAQ:RANI - Nasdaq - US7530181004 - Common Stock - Currency: USD
Taking everything into account, RANI scores 0 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
98% of all other stocks performed better in the past year than RANI.
RANI is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 86% 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.
RANI has an average volume of 2086810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RANI has a been trading in the 0.39 - 0.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
RANI has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
0.52
0.69
We found 1 important support area.
- A support zone ranging from 0.53 to 0.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.56 to 0.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @0.68 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for RANI is neutral. |
| ChartMill Relative Strength | 2.48 | NEGATIVE | RANI has a low relative strength, it was outperformed by 97.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RANI is above a declining 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) | 52.07 | NEUTRAL | The RSI value for RANI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RANI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.29 | NEUTRAL | The Stochastics value for RANI is a neutral value. |
| Average True Range in percent/ATR (20) | 12.89 | HIGH VOLATILITY | The high ATR as a percentage value for RANI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for RANI suggests a strong 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)
0.546
0 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.36%
1 Week1.13%
2 Weeks24.83%
1 Month-9.21%
3 Month-25.21%
6 Month-64.08%
12 Month-75.84%
2 Year-85.63%
3 Year-93.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%12.89%
ATR Inc-11.97%
Range Today0.06
ADR(20)0.06
ADR(20)%10.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.48
Mansfield-6.67
10 Day High0.59
10 Day Low0.42
20 Day High0.87
20 Day Low0.39
52 Week High3.75
52 Week Low0.39
CS1 End0.53
CR1 Start0.56
Volume & EV
DER(3)5.68%
DER(5)2.01%
Volume651.60K
Volume Incr-87.23%
Vol(5)593.90K
Vol(50)2.09M