REDCLOUD HOLDINGS PLC (RCT) Stock Technical Analysis
NASDAQ:RCT • GB00BMCD0001
Taking everything into account, RCT scores 0 out of 10 in our technical rating. 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.
- 100% of all other stocks performed better in the past year than RCT.
- RCT is one of the lesser performing stocks in the Distributors industry. 61% of 22 stocks in the same industry do better.
- In the last month RCT has a been trading in the 0.83 - 1.68 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
The technical rating of RCT is bad and it also does not present a 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.
More info and screens
0.86
When analyzing the support we notice one important area.
- Support @0.87 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @1.02 from a horizontal line in the daily time frame.
- Resistance @1.23 from a trend line in the daily time frame.
- A resistance zone ranging from 1.37 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.58 from a horizontal line 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 | 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 | 0 | NEGATIVE | RCT has a low relative strength, it was outperformed by 100% 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) | 32.09 | NEUTRAL | The RSI value for RCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.57 | NEUTRAL | The Stochastics value for RCT is a neutral value. |
| Average True Range in percent/ATR (20) | 15.31 | HIGH VOLATILITY | The high ATR as a percentage value for RCT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for RCT suggests a possible start of a new trend. |
0.92
-0.08 (-8%)
REDCLOUD HOLDINGS PLC / RCT FAQ
What is the ChartMill technical rating of REDCLOUD HOLDINGS PLC (RCT) stock?
ChartMill assigns a technical rating of 0 / 10 to RCT.
What is the trend direction for RCT stock?
The current trend direction for REDCLOUD HOLDINGS PLC (RCT) is Bearish.
What is the RSI signal for REDCLOUD HOLDINGS PLC (RCT) stock?
REDCLOUD HOLDINGS PLC (RCT) has an RSI value of 32.0888. This indicates that the stock is currently neutral.
Can you provide the MACD signal for REDCLOUD HOLDINGS PLC?
The MACD indicator for REDCLOUD HOLDINGS PLC (RCT) has a value of -0.0165492, indicating a bearish trend.
What is the buy/sell signal for RCT stock?
The buy/sell signal for REDCLOUD HOLDINGS PLC (RCT) is sell as both the short term and long term trends are negative.