RED CAT HOLDINGS INC (RCAT) Stock Technical Analysis
NASDAQ:RCAT - Nasdaq - US75644T1007 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to RCAT. Although RCAT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that RCAT is one of the better performing stocks in the market, outperforming 99% of all 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 98% of 125 stocks in the same industry.
In the last month RCAT has a been trading in the 5.71 - 9.21 range, which is quite wide. It is currently trading near the high of this range.
RCAT has an average volume of 6031890 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.
Volume is considerably higher in the last couple of days.
Although RCAT has an excellent technical rating, the quality of the presented setup is not ideal 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
5.21
8.90
We found 3 important support areas.
- A support zone ranging from 6.27 to 6.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.90 from a trend line in the weekly time frame.
- Support @5.26 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @8.81 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 | NEUTRAL | NEUTRAL | The long term trend for RCAT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCAT is up. |
| ChartMill Relative Strength | 99.58 | POSITIVE | RCAT has a high relative strength, it outperformed 99.58% 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) | 64.62 | NEUTRAL | The RSI value for RCAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests RCAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.45 | OVERBOUGHT | The high Stochastics value suggests RCAT may be overbought. |
| Average True Range in percent/ATR (20) | 10.06 | HIGH VOLATILITY | The high ATR as a percentage value for RCAT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.79 | POSITIVE | The high ADX value value for RCAT suggests a strong 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)
8.43
-0.16 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.86%
1 Week4.46%
2 Weeks37.52%
1 Month32.13%
3 Month48.94%
6 Month2.43%
12 Month710.58%
2 Year608.4%
3 Year313.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%10.06%
ATR Inc-11.11%
Range Today0.8
ADR(20)0.82
ADR(20)%9.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.58
Mansfield4.4
10 Day High9.21
10 Day Low5.71
20 Day High9.21
20 Day Low5.71
52 Week High15.27
52 Week Low1
CS1 End6.27
CR1 Start8.81
Volume & EV
DER(3)-1.02%
DER(5)-0.43%
Volume7.51M
Volume Incr66.18%
Vol(5)10.75M
Vol(50)6.03M