RCT Technical Analysis - REDCLOUD HOLDINGS PLC

Technical Rating and Analysis

Overall RCT gets a technical rating of 3 out of 10. RCT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

100% of all other stocks performed better in the past year than RCT.

RCT is part of the Distributors industry. There are 22 other stocks in this industry, of which 66% are performing better than RCT.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

RCT has an average volume of 2321000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month RCT has a been trading in the 0.81 - 2.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

REDCLOUD HOLDINGS PLC / RCT Weekly stock chart

REDCLOUD HOLDINGS PLC / RCT Daily stock chart

Setup Rating and Analysis

RCT has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.66

2.00

We found 1 important support area.

A support zone ranging from 1.68 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 1.70 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @1.98 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for RCT is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RCT is neutral.
ChartMill Relative Strength	0	NEGATIVE	RCT has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RCT is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RCT is below a declining SMA(50).
Relative Strength Index/RSI (14)	49.87	NEUTRAL	The RSI value for RCT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests RCT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	42.62	NEUTRAL	The Stochastics value for RCT is a neutral value.
Average True Range in percent/ATR (20)	17.39	HIGH VOLATILITY	The high ATR as a percentage value for RCT suggests high volalility.
Average Directional Index/ADX (14)	34.47	POSITIVE	The high ADX value value for RCT suggests a strong trend.