REDCLOUD HOLDINGS PLC (RCT) Stock Technical Analysis
USA - NASDAQ:RCT - GB00BMCD0001 - Common Stock
Overall RCT gets a technical rating of 5 out of 10. RCT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
RCT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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1.49
When analyzing the support we notice one important area.
- Support @1.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.05 from a trend line in the daily time frame.
- A resistance zone ranging from 2.09 to 2.11. This zone is formed by a combination of multiple trend lines in the daily 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 | 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 | MIXED | The current price of RCT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 43.59 | NEUTRAL | The RSI value for RCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RCT has a negative trend. |
| Stochastics (14,3) | 30.6 | NEUTRAL | The Stochastics value for RCT is a neutral value. |
| Average True Range in percent/ATR (20) | 12 | HIGH VOLATILITY | The high ATR as a percentage value for RCT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.24 | POSITIVE | The high ADX value value for RCT suggests a strong trend. |
1.66
-0.2 (-10.75%)
REDCLOUD HOLDINGS PLC / RCT FAQ
What is the ChartMill technical rating of REDCLOUD HOLDINGS PLC (RCT) stock?
ChartMill assigns a technical rating of 5 / 10 to RCT.
What is the current trend direction of REDCLOUD HOLDINGS PLC (RCT) stock?
The current trend direction for REDCLOUD HOLDINGS PLC (RCT) is Bullish.
What is the RSI signal for REDCLOUD HOLDINGS PLC (RCT) stock?
REDCLOUD HOLDINGS PLC (RCT) has an RSI value of 43.5929. This indicates that the stock is currently neutral.
What is the support and resistance level for RCT stock?
REDCLOUD HOLDINGS PLC (RCT) has a support level at 1.5 and a resistance level at 2.05. Check the full technical report for our detailed analysis of RCT support and resistance levels.