RAPPORT THERAPEUTICS INC (RAPP) Stock Technical Analysis
NASDAQ:RAPP • US75383L1026
Overall RAPP gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that RAPP is one of the better performing stocks in the market, outperforming 94% of all stocks.
- RAPP is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. RAPP outperforms 86% of them.
- 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.
- In the last month RAPP has a been trading in the 25.21 - 30.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RAPP also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 28.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RAPP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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24.72
5 important support areas can be observed.
- A support zone ranging from 28.18 to 28.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.22 to 27.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.61 to 26.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.55 to 25.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @24.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.85 to 30.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for RAPP is neutral. |
| ChartMill Relative Strength | 94.66 | POSITIVE | RAPP has a high relative strength, it outperformed 94.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RAPP is above a declining 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) | 59.99 | NEUTRAL | The RSI value for RAPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests RAPP has a positive trend. |
| Stochastics (14,3) | 84.14 | OVERBOUGHT | The high Stochastics value suggests RAPP may be overbought. |
| Average True Range in percent/ATR (20) | 6.69 | HIGH VOLATILITY | The high ATR as a percentage value for RAPP suggests high volalility. |
| Average Directional Index/ADX (14) | 10.87 | NEGATIVE | The low ADX value for RAPP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.00 | 28.17 | 2.83 (9.13%) | 10.95% |
| An entry @31.00. This is a Buy Stop order right above the resistance zone. | An exit @28.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.83 points, which is 9.13%. | For a 1.00% total portfolio risk, you can invest 10.95% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RAPP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.76
-0.23 (-0.77%)
RAPPORT THERAPEUTICS INC / RAPP FAQ
What is the technical rating for RAPP stock?
ChartMill assigns a technical rating of 7 / 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 59.9859. 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 neutral.
What are the support and resistance levels for RAPPORT THERAPEUTICS INC (RAPP) stock?
RAPPORT THERAPEUTICS INC (RAPP) has a support level at 28.42 and a resistance level at 30.85. Check the full technical report for our detailed analysis of RAPP support and resistance levels.