AVITA MEDICAL INC (RCEL) Technical Analysis
NASDAQ:RCEL • US05380C1027
We assign a technical rating of 7 out of 10 to RCEL. In the last year, RCEL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- RCEL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RCEL is lagging the market.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the performance of all stocks over the past year, RCEL turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
- RCEL is part of the Biotechnology industry. There are 519 other stocks in this industry, RCEL did better than 47% of them.
- In the last month RCEL has a been trading in the 3.52 - 5.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RCEL has an excellent technical rating, it does not present a decent entry opportunity 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
3.97
We found 2 important support areas.
- A support zone ranging from 4.74 to 4.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.01 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.01 to 5.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.28 from a trend line in the daily time frame.
- Resistance @5.40 from a horizontal line in the daily time frame.
- Resistance @5.54 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 | UP | POSITIVE | The long term trend for RCEL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCEL is up. |
| ChartMill Relative Strength | 40.79 | NEUTRAL | RCEL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCEL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RCEL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.02 | NEUTRAL | The RSI value for RCEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RCEL has a negative trend. |
| Stochastics (14,3) | 46.8 | NEUTRAL | The Stochastics value for RCEL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.16 | HIGH VOLATILITY | The high ATR as a percentage value for RCEL suggests high volalility. |
| Average Directional Index/ADX (14) | 36.09 | POSITIVE | The high ADX value value for RCEL suggests a strong trend. |
RCEL Technicals: Chart, Performance Metrics, Trend & Indicators
4.96
+0.21 (+4.42%)
AVITA MEDICAL INC / RCEL FAQ
What is the ChartMill technical rating of AVITA MEDICAL INC (RCEL) stock?
ChartMill assigns a technical rating of 7 / 10 to RCEL.
What is the current trend direction of AVITA MEDICAL INC (RCEL) stock?
The current trend direction for AVITA MEDICAL INC (RCEL) is Bullish.
Can you provide the RSI signal for AVITA MEDICAL INC?
AVITA MEDICAL INC (RCEL) has an RSI value of 58.0234. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for AVITA MEDICAL INC?
The buy/sell signal for AVITA MEDICAL INC (RCEL) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for AVITA MEDICAL INC?
AVITA MEDICAL INC (RCEL) has a support level at 4.74 and a resistance level at 5.01. Check the full technical report for our detailed analysis of RCEL support and resistance levels.