RENOVACOR INC (RCOR) Stock Technical Analysis
USA - NYSEARCA:RCOR - US75989E1064 - Common Stock
Overall RCOR gets a technical rating of 8 out of 10. In the last year, RCOR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, RCOR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- 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
1.70
4 important support areas can be observed.
- 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.
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. |
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 trade has a worst case loss of 0.34 points, which is 10.56%. | When investing 9.47% 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 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.
3.2
+0.15 (+4.92%)
RENOVACOR INC / RCOR FAQ
What is the technical rating for RCOR stock?
ChartMill assigns a technical rating of 7 / 10 to RCOR.
What is the trend direction for RCOR stock?
The current trend direction for RENOVACOR INC (RCOR) is Bearish.
What is the RSI signal for RCOR stock?
RENOVACOR INC (RCOR) has an RSI value of 60.1607. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RENOVACOR INC?
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.