RED CAT HOLDINGS INC (RCAT) Stock Technical Analysis
NASDAQ:RCAT - Nasdaq - US75644T1007 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RCAT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RCAT is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, RCAT did better than 98% of all other stocks. We also observe that the gains produced by RCAT over the past year are nicely spread over this period.
RCAT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. RCAT outperforms 94% of them.
RCAT has an average volume of 10119400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RCAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RCAT is lagging the market.
In the last month RCAT has a been trading in the 6.65 - 12.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, RCAT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.19, a Stop Loss order could be placed below this zone.
More info and screens
5.79
12.15
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.05 to 8.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.44 from a trend line in the daily time frame.
- Support @6.87 from a horizontal line in the daily time frame.
- Support @6.67 from a trend line in the weekly time frame.
- Support @5.85 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.84 to 8.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.06 from a trend line in the weekly time frame.
- Resistance @12.03 from a trend 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 | UP | POSITIVE | The long term trend for RCAT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RCAT is neutral. |
| ChartMill Relative Strength | 98.06 | POSITIVE | RCAT has a high relative strength, it outperformed 98.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RCAT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RCAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.32 | NEUTRAL | The RSI value for RCAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests RCAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.92 | OVERSOLD | The low Stochastics value suggests RCAT may be oversold. |
| Average True Range in percent/ATR (20) | 11.17 | HIGH VOLATILITY | The high ATR as a percentage value for RCAT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for RCAT 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)
8.83
+0.63 (+7.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg7.68%
1 Week-2.43%
2 Weeks-6.21%
1 Month30.04%
3 Month48.9%
6 Month-17.94%
12 Month256.05%
2 Year815.88%
3 Year270.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%11.17%
ATR Inc-38.49%
Range Today0.64
ADR(20)0.91
ADR(20)%10.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.06
Mansfield2.34
10 Day High10.23
10 Day Low7.79
20 Day High12.77
20 Day Low6.65
52 Week High15.27
52 Week Low2.31
CS1 End8.19
CR1 Start8.84
Volume & EV
DER(3)-1.13%
DER(5)-4.38%
Volume5.68M
Volume Incr-55.09%
Vol(5)4.88M
Vol(50)10.12M