Taking everything into account, RAPP scores 4 out of 10 in our technical rating. RAPP was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month RAPP has a been trading in the 25.51 - 31.30 range, which is quite wide. It is currently trading near the lows of this range.
- RAPP is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 70% of 190 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Looking at the yearly performance, RAPP did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- RAPP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RAPP is lagging the market.
Although the technical rating is only medium, RAPP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
23.22
When analyzing the support we can see 5 important areas.
- Support @26.74 from a horizontal line in the weekly time frame.
- Support @26.23 from a trend line in the daily time frame.
- Support @24.97 from a horizontal line in the daily time frame.
- Support @24.37 from a horizontal line in the daily time frame.
- Support @23.45 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.79 to 27.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.99 from a horizontal 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 | UP | POSITIVE | The long term trend for RAPP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAPP is down. |
| ChartMill Relative Strength | 86.25 | POSITIVE | RAPP has a high relative strength, it outperformed 86.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RAPP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RAPP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RAPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.5 | NEUTRAL | The RSI value for RAPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RAPP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.74 | NEUTRAL | The Stochastics value for RAPP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for RAPP suggests high volalility. |
| Average Directional Index/ADX (14) | 11.8 | NEGATIVE | The low ADX value for RAPP suggests a weak or negative trend. |
26.75
+0.31 (+1.17%)
RAPPORT THERAPEUTICS INC / RAPP FAQ
What is the technical rating for RAPP stock?
ChartMill assigns a technical rating of 4 / 10 to RAPP.
What is the trend direction for RAPP stock?
The current trend direction for RAPPORT THERAPEUTICS INC (RAPP) is Bullish.
What is the RSI signal for RAPP stock?
RAPPORT THERAPEUTICS INC (RAPP) has an RSI value of 45.5026. This indicates that the stock is currently neutral.
What is the short term momentum for RAPPORT THERAPEUTICS INC (RAPP) stock?
The short term momentum for RAPPORT THERAPEUTICS INC (RAPP) is negative.
What are the support and resistance levels for RAPPORT THERAPEUTICS INC (RAPP) stock?
RAPPORT THERAPEUTICS INC (RAPP) has a support level at 26.74 and a resistance level at 26.79. Check the full technical report for our detailed analysis of RAPP support and resistance levels.