RIBBON COMMUNICATIONS INC (RBBN) Stock Technical Analysis
NASDAQ:RBBN - Nasdaq - US7625441040 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to RBBN. RBBN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that RBBN is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RBBN is an average performer in the Communications Equipment industry, it outperforms 53% of 48 stocks in the same industry.
RBBN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RBBN is lagging the market.
In the last month RBBN has a been trading in the 3.56 - 4.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RBBN has a poor technical rating and the quality of the setup is also not perfect 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
3.22
4.30
4 important support areas can be observed.
- A support zone ranging from 3.83 to 3.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.57 to 3.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.36 from a trend line in the weekly time frame.
- Support @3.25 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @4.12 from a trend line in the daily time frame.
- A resistance zone ranging from 4.20 to 4.26. 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 | NEUTRAL | NEUTRAL | The long term trend for RBBN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RBBN is neutral. |
| ChartMill Relative Strength | 77.9 | POSITIVE | RBBN has a high relative strength, it outperformed 77.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RBBN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RBBN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RBBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.59 | NEUTRAL | The RSI value for RBBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RBBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.37 | OVERBOUGHT | The high Stochastics value suggests RBBN may be overbought. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for RBBN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.29 | NEGATIVE | The low ADX value for RBBN suggests a weak or negative trend. |
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)
3.95
-0.13 (-3.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.19%
1 Week4.5%
2 Weeks5.05%
1 Month-1%
3 Month8.82%
6 Month-23%
12 Month23.44%
2 Year33.45%
3 Year12.54%
5 Year-7.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4.19%
ATR Inc-0.87%
Range Today0.2
ADR(20)0.16
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.9
Mansfield-0.52
10 Day High4.11
10 Day Low3.57
20 Day High4.29
20 Day Low3.57
52 Week High5.38
52 Week Low2.84
CS1 End3.92
CR1 Start4.12
Volume & EV
DER(3)7.61%
DER(5)3.11%
Volume474.50K
Volume Incr0.32%
Vol(5)575.11K
Vol(50)569.55K