RENOVACOR INC (RCOR) Technical Analysis
NYSEARCA:RCOR • US75989E1064
Current stock price
RCOR Technical Rating and Analysis
Overall RCOR gets a technical rating of 8 out of 10. RCOR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- RCOR 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 RCOR is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- RCOR is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 517 stocks in the same industry.
- In the last month RCOR has a been trading in the 2.10 - 3.37 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that RCOR is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
RCOR Weekly and Daily overview Charts
RCOR Setup Rating and Analysis
Besides having an excellent technical rating, RCOR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
RCOR Support and Resistance Analysis
1.70
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.89 to 2.91. 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 2.71 to 2.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.61 from a horizontal line in the daily time frame.
- A support zone ranging from 1.72 to 1.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.21 to 3.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
RCOR Technical Indicator Signal Analysis
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 RCOR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCOR is up. |
| ChartMill Relative Strength | 90.69 | POSITIVE | RCOR has a high relative strength, it outperformed 90.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RCOR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.16 | NEUTRAL | The RSI value for RCOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RCOR has a positive trend. |
| Stochastics (14,3) | 75.1 | NEUTRAL | The Stochastics value for RCOR is a neutral value. |
| Average True Range in percent/ATR (20) | 9.55 | HIGH VOLATILITY | The high ATR as a percentage value for RCOR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.98 | NEUTRAL | The ADX value for RCOR suggests a possible start of a new trend. |
RCOR Chart- and CandleStick Pattern Analysis
RCOR Example Setup
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 |
|---|---|---|---|
| 3.22 | 2.88 | 0.34 (10.56%) | 9.47% |
| An entry @3.22. This is a Buy Stop order right above the resistance zone. | An exit @2.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 10.56%. | For a 1.00% total portfolio risk, you can invest 9.47% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RCOR. 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.
RCOR Technicals: Chart, Performance Metrics, Trend & Indicators
3.2
+0.15 (+4.92%)
RENOVACOR INC / RCOR TA FAQ
What is the technical rating for RCOR stock?
ChartMill assigns a technical rating of 7 / 10 to RCOR.
Can you provide the trend direction for RENOVACOR INC?
The current trend direction for RENOVACOR INC (RCOR) is Bearish.
What is the RSI signal for RENOVACOR INC (RCOR) stock?
RENOVACOR INC (RCOR) has an RSI value of 60.1607. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RENOVACOR INC?
The short term momentum for RENOVACOR INC (RCOR) is positive.
What are the support and resistance levels for RENOVACOR INC (RCOR) stock?
RENOVACOR INC (RCOR) has a support level at 2.91 and a resistance level at 3.21. Check the full technical report for our detailed analysis of RCOR support and resistance levels.