RDF Technical Analysis - REDELFI SPA

Technical Rating and Analysis

Overall RDF gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RDF is showing a nice and steady performance.

Warning: RDF has an average volume of 29928 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, RDF did better than 85% of all other stocks.

RDF is part of the IT Services industry. There are 69 other stocks in this industry. RDF outperforms 85% of them.

RDF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RDF is lagging the market slightly.

In the last month RDF has a been trading in the 6.80 - 8.10 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although RDF has an excellent technical rating, it 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.12

8.08

When analyzing the support we can see 3 important areas.

A support zone ranging from 7.34 to 7.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 6.89 to 6.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @5.17 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 RDF.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RDF.MI is up.
ChartMill Relative Strength	85.5	POSITIVE	RDF.MI has a high relative strength, it outperformed 85.5% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RDF.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RDF.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RDF.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.33	NEUTRAL	The RSI value for RDF.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests RDF.MI has a positive trend.
Stochastics (14,3)	96.09	OVERBOUGHT	The high Stochastics value suggests RDF.MI may be overbought.
Average True Range in percent/ATR (20)	3.25	MEDIUM VOLATILITY	The ATR as a percentage value for RDF.MI suggests some volalility.
Average Directional Index/ADX (14)	15.53	NEGATIVE	The low ADX value for RDF.MI suggests a weak or negative trend.