Taking everything into account, RANI scores 2 out of 10 in our technical rating. In the last year, RANI was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- When comparing the yearly performance of all stocks, RANI is a bad performer in the overall market: 83% of all stocks are doing better.
- RANI 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 RANI has a been trading in the 1.28 - 1.54 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- RANI has an average volume of 2309960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- RANI is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, RANI did better than 42% of them.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RANI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RANI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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We found 1 important support area.
- A support zone ranging from 1.34 to 1.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.39 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.50 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.00 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 | UP | POSITIVE | The long term trend for RANI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RANI is down. |
| ChartMill Relative Strength | 17.71 | NEGATIVE | RANI has a low relative strength, it was outperformed by 82.29% 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) | DOWN | NEGATIVE | The current price of RANI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RANI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.07 | 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. |
| Stochastics (14,3) | 35.95 | NEUTRAL | The Stochastics value for RANI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for RANI suggests high volalility. |
| Average Directional Index/ADX (14) | 10.25 | NEGATIVE | The low ADX value for RANI suggests a weak or negative trend. |
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RANI THERAPEUTICS HOLDINGS-A / RANI FAQ
Can you provide the ChartMill technical rating for RANI THERAPEUTICS HOLDINGS-A?
ChartMill assigns a technical rating of 2 / 10 to RANI.
What is the current trend direction of RANI THERAPEUTICS HOLDINGS-A (RANI) stock?
The current trend direction for RANI THERAPEUTICS HOLDINGS-A (RANI) is Bullish.
Can you provide the RSI signal for RANI THERAPEUTICS HOLDINGS-A?
RANI THERAPEUTICS HOLDINGS-A (RANI) has an RSI value of 46.0674. This indicates that the stock is currently neutral.
What is the short term momentum for RANI stock?
The short term momentum for RANI THERAPEUTICS HOLDINGS-A (RANI) is negative.
Can you provide the buy/sell signal for RANI THERAPEUTICS HOLDINGS-A?
The buy/sell signal for RANI THERAPEUTICS HOLDINGS-A (RANI) is hold as the short term and long term trends are mixed.