RED CAT HOLDINGS INC (RCAT) Stock Technical Analysis
NASDAQ:RCAT • US75644T1007
Overall RCAT gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, RCAT did better than 95% 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 Aerospace & Defense industry. There are 74 other stocks in this industry. RCAT outperforms 82% of them.
- RCAT has an average volume of 11688500 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 10.80 - 16.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 12.15, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.85
When analyzing the support we can see 5 important areas.
- A support zone ranging from 12.06 to 12.15. 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 11.24 to 11.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.01 from a horizontal line in the daily time frame.
- Support @7.38 from a trend line in the weekly time frame.
- Support @6.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.85 to 12.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 95.25 | POSITIVE | RCAT has a high relative strength, it outperformed 95.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCAT is below a declining 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) | 49.35 | NEUTRAL | The RSI value for RCAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RCAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.21 | NEUTRAL | The Stochastics value for RCAT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.69 | HIGH VOLATILITY | The high ATR as a percentage value for RCAT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for RCAT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.90 | 12.05 | 0.85 (6.59%) | 15.18% |
| An entry @12.90. This is a Buy Stop order right above the resistance zone. | An exit @12.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.85 points, which is 6.59%. | When investing 15.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RCAT. Please evaluate whether better entry and exit points can be found.
- 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.
12.42
-0.46 (-3.57%)
RED CAT HOLDINGS INC / RCAT FAQ
Can you provide the ChartMill technical rating for RED CAT HOLDINGS INC?
ChartMill assigns a technical rating of 9 / 10 to RCAT.
What is the trend direction for RCAT stock?
The current trend direction for RED CAT HOLDINGS INC (RCAT) is Bullish.
Can you provide the RSI signal for RED CAT HOLDINGS INC?
RED CAT HOLDINGS INC (RCAT) has an RSI value of 49.3532. This indicates that the stock is currently neutral.
What is the MACD signal for RCAT stock?
The MACD indicator for RED CAT HOLDINGS INC (RCAT) has a value of -0.0945953, indicating a bearish trend.
Can you provide the short term momentum for RED CAT HOLDINGS INC?
The short term momentum for RED CAT HOLDINGS INC (RCAT) is neutral.