AVITA MEDICAL INC (RCEL) Stock Technical Analysis
NASDAQ:RCEL - Nasdaq - US05380C1027 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RCEL. RCEL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RCEL is a bad performer in the overall market: 97% of all stocks are doing better.
RCEL is one of the lesser performing stocks in the Biotechnology industry. 82% of 558 stocks in the same industry do better.
RCEL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RCEL has a been trading in the 4.71 - 6.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RCEL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
5.12
10.98
When analyzing the resistance we notice 7 important areas.
- Resistance @5.71 from a horizontal line in the weekly time frame.
- Resistance @7.41 from a trend line in the daily time frame.
- Resistance @7.66 from a trend line in the weekly time frame.
- Resistance @9.47 from a trend line in the weekly time frame.
- Resistance @9.88 from a trend line in the daily time frame.
- Resistance @10.69 from a horizontal line in the daily time frame.
- Resistance @10.87 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RCEL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RCEL is neutral. |
| ChartMill Relative Strength | 3.1 | NEGATIVE | RCEL has a low relative strength, it was outperformed by 96.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCEL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RCEL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RCEL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.89 | NEUTRAL | The RSI value for RCEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RCEL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.28 | NEUTRAL | The Stochastics value for RCEL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.16 | HIGH VOLATILITY | The high ATR as a percentage value for RCEL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.51 | NEUTRAL | The ADX value for RCEL 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)
5.17
-0.26 (-4.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.79%
1 Week-9.3%
2 Weeks-4.61%
1 Month-1.52%
3 Month-43.87%
6 Month-40.23%
12 Month-46.54%
2 Year-74.47%
3 Year-8.17%
5 Year-76.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%7.16%
ATR Inc40.45%
Range Today0.82
ADR(20)0.36
ADR(20)%6.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.1
Mansfield-4.84
10 Day High6.04
10 Day Low5.03
20 Day High6.04
20 Day Low4.71
52 Week High14.16
52 Week Low4.71
CS1 EndN/A
CR1 Start5.71
Volume & EV
DER(3)-6.62%
DER(5)-6.7%
Volume434.70K
Volume Incr-15.43%
Vol(5)266.20K
Vol(50)333.13K