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. Recently some decent action could be observed, but in the medium term time frame this is still negative.
RBBN is one of the lesser performing stocks in the Communications Equipment industry. 64% of 49 stocks in the same industry do better.
In the last month RBBN has a been trading in the 3.01 - 3.79 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, RBBN outperforms 41% of them, which is more or less in line with the market.
RBBN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RBBN is lagging the market slightly.
The technical rating of RBBN is bad and it also does not present a quality setup 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
3.03
3.80
3 important support areas can be observed.
- A support zone ranging from 3.55 to 3.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.11 to 3.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.06 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.64 to 3.68. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @3.76 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for RBBN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBBN is up. |
| ChartMill Relative Strength | 41.5 | NEUTRAL | RBBN is not amongst the best or worst performers 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 | MIXED | The current price of RBBN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.19 | NEUTRAL | The RSI value for RBBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RBBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.83 | OVERBOUGHT | The high Stochastics value suggests RBBN may be overbought. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for RBBN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.43 | 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)
3.63
+0.02 (+0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.55%
1 Week0.28%
2 Weeks15.97%
1 Month1.4%
3 Month-23.26%
6 Month-6.92%
12 Month16.72%
2 Year30.58%
3 Year28.27%
5 Year-17.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%4.93%
ATR Inc-32.94%
Range Today0.14
ADR(20)0.16
ADR(20)%4.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.5
Mansfield-0.26
10 Day High3.71
10 Day Low3.09
20 Day High3.8
20 Day Low3.01
52 Week High5.38
52 Week Low2.75
CS1 End3.62
CR1 Start3.64
Volume & EV
DER(3)-1.84%
DER(5)-2.17%
Volume329.80K
Volume Incr-41.56%
Vol(5)317.23K
Vol(50)487.83K