RED CAT HOLDINGS INC (RCAT) Stock Technical Analysis
USA - NASDAQ:RCAT - US75644T1007 - Common Stock
10.46 USD
+0.42 (+4.18%)
10.25 USD
-0.21 (-2.01%)
Overall RCAT gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RCAT did better than 97% of all other stocks. On top of that, RCAT also shows a nice and consistent pattern of rising prices.
RCAT is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 90% of 124 stocks in the same industry.
RCAT has an average volume of 9879670 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 8.33 - 11.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
RCAT 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 11.28. Right above this resistance zone may be a good entry point.
More info and screens
7.17
11.65
4 important support areas can be observed.
- A support zone ranging from 10.03 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.71 from a trend line in the daily time frame.
- A support zone ranging from 8.32 to 8.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.24 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.28 to 11.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.53 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 | UP | POSITIVE | The short term trend for RCAT is up. |
| ChartMill Relative Strength | 97.49 | POSITIVE | RCAT has a high relative strength, it outperformed 97.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCAT is above 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) | DOWN | MIXED | The current price of RCAT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.68 | NEUTRAL | The RSI value for RCAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests RCAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.86 | NEUTRAL | The Stochastics value for RCAT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.01 | HIGH VOLATILITY | The high ATR as a percentage value for RCAT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.28 | 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)
10.46
+0.42 (+4.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg4.18%
1 Week-4.82%
2 Weeks22.77%
1 Month7.39%
3 Month52.26%
6 Month92.99%
12 Month234.19%
2 Year979.46%
3 Year526.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%8.01%
ATR Inc24.79%
Range Today0.64
ADR(20)0.75
ADR(20)%7.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.49
Mansfield2.69
10 Day High11.57
10 Day Low8.45
20 Day High11.57
20 Day Low8.33
52 Week High15.27
52 Week Low2.31
CS1 End10.11
CR1 Start11.28
Volume & EV
DER(3)2.38%
DER(5)1.26%
Volume17.45M
Volume Incr103.57%
Vol(5)15.27M
Vol(50)9.88M