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. 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!
Looking at the yearly performance, RCAT did better than 99% of all other stocks. On top of that, RCAT also shows a nice and consistent pattern of rising prices.
RCAT is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. RCAT outperforms 95% of them.
In the last month RCAT has a been trading in the 6.64 - 10.40 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RCAT has an average volume of 9196590 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RCAT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.56
10.37
3 important support areas can be observed.
- Support @6.90 from a trend line in the daily time frame.
- Support @6.38 from a trend line in the weekly time frame.
- Support @5.62 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 | 99.18 | POSITIVE | RCAT has a high relative strength, it outperformed 99.18% 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) | 71.73 | OVERBOUGHT | The high RSI value suggests RCAT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests RCAT has a positive trend. |
| Stochastics (14,3) | 91.87 | OVERBOUGHT | The high Stochastics value suggests RCAT may be overbought. |
| Average True Range in percent/ATR (20) | 7.1 | HIGH VOLATILITY | The high ATR as a percentage value for RCAT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.74 | NEUTRAL | The ADX value for RCAT suggests a possible start of a new 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)
10.27
-0.06 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.58%
1 Week48.84%
2 Weeks41.07%
1 Month23.14%
3 Month100.19%
6 Month20.05%
12 Month458.15%
2 Year906.86%
3 Year373.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%7.1%
ATR Inc164.06%
Range Today0.77
ADR(20)0.62
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.18
Mansfield5.37
10 Day High10.4
10 Day Low6.65
20 Day High10.4
20 Day Low6.64
52 Week High15.27
52 Week Low1.66
CS1 End6.9
CR1 StartN/A
Volume & EV
DER(3)2.1%
DER(5)-0.51%
Volume14.72M
Volume Incr101.81%
Vol(5)19.42M
Vol(50)9.20M