REDCLOUD HOLDINGS PLC (RCT) Technical Analysis
NASDAQ:RCT • GB00BMCD0001
Current stock price
RCT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RCT. RCT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RCT is a bad performer in the overall market: 96% of all stocks are doing better.
- RCT is part of the Distributors industry. There are 24 other stocks in this industry, of which 60% are performing better than RCT.
- RCT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RCT is lagging the market.
- In the last month RCT has a been trading in the 0.64 - 0.94 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
RCT Weekly and Daily overview Charts
RCT Setup Rating and Analysis
Although the technical rating is bad, RCT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for RCT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
RCT Support and Resistance Analysis
0.67
We can see 2 important resistance areas.
- Resistance @0.77 from a trend line in the daily time frame.
- Resistance @0.88 from a trend line in the daily time frame.
RCT 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 | DOWN | NEGATIVE | The long term trend for RCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RCT is down. |
| ChartMill Relative Strength | 4.28 | NEGATIVE | RCT has a low relative strength, it was outperformed by 95.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.37 | NEUTRAL | The RSI value for RCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RCT has a negative trend. |
| Stochastics (14,3) | 17.63 | OVERSOLD | The low Stochastics value suggests RCT may be oversold. |
| Average True Range in percent/ATR (20) | 12.98 | HIGH VOLATILITY | The high ATR as a percentage value for RCT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.7 | NEUTRAL | The ADX value for RCT suggests a possible start of a new trend. |
RCT Chart- and CandleStick Pattern Analysis
RCT Technicals: Chart, Performance Metrics, Trend & Indicators
0.675
-0.04 (-6.09%)
REDCLOUD HOLDINGS PLC / RCT TA FAQ
What is the ChartMill technical rating of REDCLOUD HOLDINGS PLC (RCT) stock?
ChartMill assigns a technical rating of 0 / 10 to RCT.
Can you provide the trend direction for REDCLOUD HOLDINGS PLC?
The current trend direction for REDCLOUD HOLDINGS PLC (RCT) is Bearish.
Can you provide the RSI signal for REDCLOUD HOLDINGS PLC?
REDCLOUD HOLDINGS PLC (RCT) has an RSI value of 37.3679. This indicates that the stock is currently neutral.
What is the short term momentum for REDCLOUD HOLDINGS PLC (RCT) stock?
The short term momentum for REDCLOUD HOLDINGS PLC (RCT) is negative.
What are the support and resistance levels for REDCLOUD HOLDINGS PLC (RCT) stock?
REDCLOUD HOLDINGS PLC (RCT) has a resistance level at 0.77. Check the full technical report for our detailed analysis of RCT support and resistance levels.