RED CAT HOLDINGS INC (RCAT) Stock Technical Analysis
NASDAQ:RCAT - US75644T1007 - Common Stock
10.07 USD
+0.25 (+2.55%)
9.87 USD
-0.2 (-1.99%)
Taking everything into account, RCAT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RCAT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
RCAT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. RCAT outperforms 92% of them.
In the last month RCAT has a been trading in the 7.79 - 10.41 range, which is quite wide. It is currently trading near the high of this range.
RCAT has an average volume of 9823550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RCAT is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, RCAT also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RCAT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 8.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RCAT 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
6.88
11.92
We found 3 important support areas.
- A support zone ranging from 8.68 to 8.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.01 from a trend line in the daily time frame.
- Support @6.95 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @10.08 from a horizontal line in the daily time frame.
- Resistance @10.86 from a trend line in the weekly time frame.
- Resistance @11.28 from a horizontal line in the weekly time frame.
- Resistance @11.80 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 | 98.14 | POSITIVE | RCAT has a high relative strength, it outperformed 98.14% 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) | UP | POSITIVE | The current price of RCAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.93 | NEUTRAL | The RSI value for RCAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RCAT has a positive trend. |
| Stochastics (14,3) | 80.85 | OVERBOUGHT | The high Stochastics value suggests RCAT may be overbought. |
| Average True Range in percent/ATR (20) | 7.92 | HIGH VOLATILITY | The high ATR as a percentage value for RCAT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.07 | 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)
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 |
|---|---|---|---|
| 10.09 | 8.67 | 1.42 (14.07%) | 7.11% |
| An entry @10.09. This is a Buy Stop order right above the resistance zone. | An exit @8.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.42 points, which is 14.07%. | For a 1.00% total portfolio risk, you can invest 7.11% of your capital in this trade. |
- 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.
10.07
+0.25 (+2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.55%
1 Week9.58%
2 Weeks7.53%
1 Month11.27%
3 Month69.24%
6 Month62.42%
12 Month223.79%
2 Year944.5%
3 Year322.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%7.92%
ATR Inc-17.49%
Range Today0.88
ADR(20)0.75
ADR(20)%7.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.14
Mansfield3.19
10 Day High10.24
10 Day Low7.9
20 Day High10.41
20 Day Low7.79
52 Week High15.27
52 Week Low2.31
CS1 End8.79
CR1 Start10.08
Volume & EV
DER(3)4.31%
DER(5)1.22%
Volume5.99M
Volume Incr-12.67%
Vol(5)6.58M
Vol(50)9.82M