RISING DRAGON ACQUISITION CO (RDAC) Technical Analysis
NASDAQ:RDAC
Current stock price
RDAC Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to RDAC. In the past year, RDAC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- RDAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RDAC has a been trading in the 4.65 - 23.99 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, RDAC turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
RDAC Weekly and Daily overview Charts
RDAC Setup Rating and Analysis
RDAC 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.
More info and screens
RDAC Support and Resistance Analysis
4.87
When analyzing the support we notice one important area.
- Support @4.92 from a trend line in the daily time frame.
RDAC 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 | NEUTRAL | NEUTRAL | The long term trend for RDAC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDAC is up. |
| ChartMill Relative Strength | 59.03 | NEUTRAL | RDAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDAC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.41 | NEUTRAL | The RSI value for RDAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests RDAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.27 | NEUTRAL | The Stochastics value for RDAC is a neutral value. |
| Average True Range in percent/ATR (20) | 22.12 | HIGH VOLATILITY | The high ATR as a percentage value for RDAC suggests high volalility. |
| Average Directional Index/ADX (14) | 36.32 | POSITIVE | The high ADX value value for RDAC suggests a strong trend. |
RDAC Chart- and CandleStick Pattern Analysis
RDAC Technicals: Chart, Performance Metrics, Trend & Indicators
9.29
-1.37 (-12.85%)
RISING DRAGON ACQUISITION CO / RDAC TA FAQ
What is the technical rating for RDAC stock?
ChartMill assigns a technical rating of 6 / 10 to RDAC.
What is the current trend direction of RISING DRAGON ACQUISITION CO (RDAC) stock?
The current trend direction for RISING DRAGON ACQUISITION CO (RDAC) is Bearish.
What is the RSI signal for RDAC stock?
RISING DRAGON ACQUISITION CO (RDAC) has an RSI value of 54.4128. This indicates that the stock is currently neutral.
What is the support and resistance level for RDAC stock?
RISING DRAGON ACQUISITION CO (RDAC) has a support level at 4.92. Check the full technical report for our detailed analysis of RDAC support and resistance levels.