We assign a technical rating of 3 out of 10 to RDGT. RDGT was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- When comparing the yearly performance of all stocks, RDGT is a bad performer in the overall market: 100% of all stocks are doing better.
- RDGT is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, of which 100% are performing better than RDGT.
- In the last month RDGT has a been trading in the 2.36 - 3.76 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Considerably lower volume is observed in the last couple of days.
The technical rating of RDGT 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
1.46
2 important support areas can be observed.
- Support @2.35 from a horizontal line in the daily time frame.
- Support @1.47 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.81 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for RDGT is down. |
| 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) | DOWN | NEGATIVE | The current price of RDGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RDGT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.53 | NEUTRAL | The RSI value for RDGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RDGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.06 | OVERSOLD | The low Stochastics value suggests RDGT may be oversold. |
| Average True Range in percent/ATR (20) | 11.44 | HIGH VOLATILITY | The high ATR as a percentage value for RDGT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.93 | POSITIVE | The high ADX value value for RDGT suggests a strong trend. |
2.54
+0.18 (+7.63%)
RIDGETECH INC / RDGT FAQ
What is the technical rating for RDGT stock?
ChartMill assigns a technical rating of 3 / 10 to RDGT.
What is the current trend direction of RIDGETECH INC (RDGT) stock?
The current trend direction for RIDGETECH INC (RDGT) is Bullish.
Can you provide the RSI signal for RIDGETECH INC?
RIDGETECH INC (RDGT) has an RSI value of 36.5332. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RIDGETECH INC?
The short term momentum for RIDGETECH INC (RDGT) is negative.
What are the support and resistance levels for RIDGETECH INC (RDGT) stock?
RIDGETECH INC (RDGT) has a support level at 2.35 and a resistance level at 2.81. Check the full technical report for our detailed analysis of RDGT support and resistance levels.