RIDGETECH INC (RDGT) Stock Technical Analysis
NASDAQ:RDGT - Nasdaq - KYG2124G1203 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RDGT. RDGT 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.
100% of all other stocks performed better in the past year than RDGT.
RDGT is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 94% are performing better than RDGT.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month RDGT has a been trading in the 1.05 - 1.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, RDGT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.01
1.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.02 from a trend 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 | UP | POSITIVE | The long term trend for RDGT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDGT is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | RDGT 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 RDGT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDGT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 48.11 | NEUTRAL | The RSI value for RDGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RDGT has a negative trend. |
| Stochastics (14,3) | 37.04 | NEUTRAL | The Stochastics value for RDGT is a neutral value. |
| Average True Range in percent/ATR (20) | 13.42 | HIGH VOLATILITY | The high ATR as a percentage value for RDGT suggests high volalility. |
| Average Directional Index/ADX (14) | 35.92 | POSITIVE | The high ADX value value for RDGT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.19
-0.1 (-7.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-7.75%
1 Week-17.93%
2 Weeks-0.83%
1 Month12.34%
3 Month10.72%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%13.42%
ATR Inc17.29%
Range Today0.21
ADR(20)0.16
ADR(20)%13.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.6
10 Day Low1.11
20 Day High1.6
20 Day Low1.05
52 Week HighN/A
52 Week LowN/A
CS1 End1.1
CR1 StartN/A
Volume & EV
DER(3)-4.06%
DER(5)-10.22%
Volume117.25K
Volume Incr77.68%
Vol(5)93.58K
Vol(50)35.17K