Taking everything into account, RDGT scores 3 out of 10 in our technical rating. 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.
- 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 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 - 3.73 range, which is quite wide. It is currently trading near the lows of this range.
- 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.
RDGT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.47
When analyzing the support we can see 4 important areas.
- Support @2.53 from a horizontal line in the weekly time frame.
- Support @2.44 from a trend line in the daily time frame.
- Support @2.35 from a horizontal line in the daily time frame.
- Support @1.48 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 | 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) | 39.95 | NEUTRAL | The RSI value for RDGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RDGT has a positive trend. |
| Stochastics (14,3) | 41 | NEUTRAL | The Stochastics value for RDGT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.85 | HIGH VOLATILITY | The high ATR as a percentage value for RDGT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.3 | POSITIVE | The high ADX value value for RDGT suggests a strong trend. |
2.59
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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 39.9457. 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 2.53. Check the full technical report for our detailed analysis of RDGT support and resistance levels.