RIBBON COMMUNICATIONS INC (RBBN) Stock Technical Analysis
NASDAQ:RBBN - US7625441040 - Common Stock
3.99 USD
-0.17 (-4.09%)
3.99 USD
0 (0%)
Taking everything into account, RBBN scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RBBN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month RBBN has a been trading in the 3.63 - 4.24 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, RBBN did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
RBBN is part of the Communications Equipment industry. There are 48 other stocks in this industry, RBBN did better than 55% of them.
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.
RBBN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.20. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
3.37
4.30
We found 4 important support areas.
- A support zone ranging from 3.89 to 3.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.77 to 3.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @3.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The long term trend for RBBN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBBN is up. |
| ChartMill Relative Strength | 80.64 | POSITIVE | RBBN has a high relative strength, it outperformed 80.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RBBN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RBBN is above a declining 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) | 51.93 | NEUTRAL | The RSI value for RBBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RBBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.22 | NEUTRAL | The Stochastics value for RBBN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for RBBN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.67 | 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)
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 |
|---|---|---|---|
| 4.03 | 3.88 | 0.15 (3.75%) | 25.00% |
| An entry @4.03. This is a Buy Stop order right above the 10 day moving average. | An exit @3.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 3.75%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RBBN. 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.
3.99
-0.17 (-4.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-4.09%
1 Week-2.92%
2 Weeks6.68%
1 Month5.56%
3 Month8.13%
6 Month-4.32%
12 Month37.11%
2 Year48.88%
3 Year79.73%
5 Year3.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%3.65%
ATR Inc66.81%
Range Today0.22
ADR(20)0.14
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.64
Mansfield-0.49
10 Day High4.24
10 Day Low3.76
20 Day High4.24
20 Day Low3.63
52 Week High5.38
52 Week Low2.84
CS1 End3.95
CR1 Start4.2
Volume & EV
DER(3)2.19%
DER(5)1.98%
Volume751.10K
Volume Incr24.74%
Vol(5)616.98K
Vol(50)533.62K