RAVN Technical Analysis - Raven Industries Inc

Technical Rating and Analysis

Taking everything into account, RAVN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RAVN has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, RAVN did better than 94% of all other stocks. We also observe that the gains produced by RAVN over the past year are nicely spread over this period.

RAVN is one of the better performing stocks in the Industrial Conglomerates industry, it outperforms 100% of 7 stocks in the same industry.

RAVN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RAVN has a been trading in a tight range between 57.72 and 58.59.

Volume is considerably higher 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

Raven Industries Inc / RAVN Weekly stock chart

Raven Industries Inc / RAVN Daily stock chart

Setup Rating and Analysis

Although RAVN has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

48.93

60.00

When analyzing the support we can see 2 important areas.

A support zone ranging from 57.32 to 58.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @49.42 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 58.69 to 59.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for RAVN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RAVN is up.
ChartMill Relative Strength	94.43	POSITIVE	RAVN has a high relative strength, it outperformed 94.43% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RAVN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RAVN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RAVN is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.06	NEUTRAL	The RSI value for RAVN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests RAVN has a positive trend.
Stochastics (14,3)	63.35	NEUTRAL	The Stochastics value for RAVN is a neutral value.
Average True Range in percent/ATR (20)	0.29	LOW VOLATILITY	The low ATR as a percentage value for RAVN suggests low volalility.