RACKSPACE HOSTING INC (RAX) Stock Technical Analysis
NYSE:RAX - New York Stock Exchange, Inc. -
Overall RAX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RAX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
RAX 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.
RAX has an average volume of 4403790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RAX is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month RAX has a been trading in a tight range between 31.63 and 31.99.
RAX has an excellent technical rating, but the quality of the setup is only medium 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
23.76
32.32
2 important support areas can be observed.
- A support zone ranging from 31.40 to 31.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.00 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 32.00 to 32.00. 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 RAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RAX is up. |
| ChartMill Relative Strength | 73.09 | POSITIVE | RAX has a high relative strength, it outperformed 73.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.61 | OVERBOUGHT | The high RSI value suggests RAX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 98.41 | OVERBOUGHT | The high Stochastics value suggests RAX may be overbought. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for RAX suggests low volalility. |
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)
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 |
|---|---|---|---|
| 32.01 | 31.80 | 0.21 (0.66%) | 25.00% |
| An entry @32.01. This is a Buy Stop order right above the resistance zone. | An exit @31.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 0.66%. | For a 0.16% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
31.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.22%
2 Weeks0.5%
1 Month0.91%
3 Month9.29%
6 Month43.52%
12 Month13.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.19%
ATR Inc-2.78%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.09
Mansfield2.62
10 Day High31.99
10 Day Low31.81
20 Day High31.99
20 Day Low31.63
52 Week High32.14
52 Week Low15.05
CS1 End31.92
CR1 Start32
Volume & EV
DER(3)4.89%
DER(5)3.02%
Volume5.74M
Volume Incr38.71%
Vol(5)3.67M
Vol(50)4.40M