RIDGETECH INC (RDGT) Stock Technical Analysis
NASDAQ:RDGT • KYG2124G1203
We assign a technical rating of 0 out of 10 to RDGT. RDGT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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.
- RDGT 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.
- Warning: RDGT has an average volume of 10012 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month RDGT has a been trading in the 1.37 - 2.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RDGT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for RDGT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.40
When analyzing the support we can see 2 important areas.
- Support @1.44 from a trend line in the daily time frame.
- A support zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.80 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for RDGT is down. |
| 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) | DOWN | NEGATIVE | The current price of RDGT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RDGT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.05 | NEUTRAL | The RSI value for RDGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RDGT has a positive trend. |
| Stochastics (14,3) | 25.93 | NEUTRAL | The Stochastics value for RDGT is a neutral value. |
| Average True Range in percent/ATR (20) | 13.65 | HIGH VOLATILITY | The high ATR as a percentage value for RDGT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.65 | POSITIVE | The high ADX value value for RDGT suggests a strong trend. |
1.58
+0.04 (+2.6%)
RIDGETECH INC / RDGT FAQ
What is the technical rating for RDGT stock?
ChartMill assigns a technical rating of 0 / 10 to RDGT.
What is the current trend direction of RIDGETECH INC (RDGT) stock?
The current trend direction for RIDGETECH INC (RDGT) is Bearish.
Can you provide the RSI signal for RIDGETECH INC?
RIDGETECH INC (RDGT) has an RSI value of 39.0492. 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 1.44 and a resistance level at 1.8. Check the full technical report for our detailed analysis of RDGT support and resistance levels.