RIBBON COMMUNICATIONS INC (RBBN) Stock Technical Analysis
USA - NASDAQ:RBBN - US7625441040 - Common Stock
3.86 USD
+0.09 (+2.39%)
3.8986 USD
+0.04 (+1%)
We assign a technical rating of 2 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.
RBBN is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 68% are performing better than RBBN.
In the last month RBBN has a been trading in the 3.71 - 4.14 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, RBBN turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
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.
Although the technical rating is bad, RBBN does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for RBBN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.34
4.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.79 to 3.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.71 from a horizontal line in the daily time frame.
- A support zone ranging from 3.57 to 3.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.37 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.86 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.01 from a trend line in the daily time frame.
- Resistance @4.08 from a horizontal 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 | 53.65 | NEUTRAL | RBBN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RBBN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RBBN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RBBN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.36 | NEUTRAL | The RSI value for RBBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RBBN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.65 | NEUTRAL | The Stochastics value for RBBN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for RBBN suggests some volalility. |
| Average Directional Index/ADX (14) | 9.35 | 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)
3.86
+0.09 (+2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.39%
1 Week2.93%
2 Weeks-0.26%
1 Month-3.26%
3 Month-7.88%
6 Month14.2%
12 Month17.68%
2 Year105.32%
3 Year45.66%
5 Year-10.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%2.96%
ATR Inc4.49%
Range Today0.13
ADR(20)0.11
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.65
Mansfield-1.13
10 Day High3.99
10 Day Low3.72
20 Day High4.14
20 Day Low3.72
52 Week High5.38
52 Week Low3.01
CS1 End3.82
CR1 Start3.86
Volume & EV
DER(3)1.26%
DER(5)3.76%
Volume983.00K
Volume Incr-3.04%
Vol(5)576.68K
Vol(50)555.97K