RIDGETECH INC (RDGT) Technical Analysis
NASDAQ:RDGT • KYG2124G1203
Current stock price
RDGT Technical Rating and Analysis
Overall RDGT gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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 37 other stocks in this industry, of which 102% are performing better than RDGT.
- RDGT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RDGT is lagging the market.
- In the last month RDGT has a been trading in the 0.02 - 4.68 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- RDGT has an average volume of 26207700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RDGT Weekly and Daily overview Charts
RDGT Setup Rating and Analysis
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
RDGT Support and Resistance Analysis
RDGT 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 | 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 | 0.07 | NEGATIVE | RDGT has a low relative strength, it was outperformed by 99.93% 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) | DOWN | NEGATIVE | The current price of RDGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.72 | NEUTRAL | The RSI value for RDGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests RDGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 0.05 | OVERSOLD | The low Stochastics value suggests RDGT may be oversold. |
| Average True Range in percent/ATR (20) | 2995 | HIGH VOLATILITY | The high ATR as a percentage value for RDGT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for RDGT suggests a possible start of a new trend. |
RDGT Chart- and CandleStick Pattern Analysis
RDGT Technicals: Chart, Performance Metrics, Trend & Indicators
0.0183
-0.01 (-25.61%)
RIDGETECH INC / RDGT TA FAQ
What is the technical rating for RDGT stock?
ChartMill assigns a technical rating of 0 / 10 to RDGT.
What is the trend direction for RDGT stock?
The current trend direction for RIDGETECH INC (RDGT) is Bearish.
What is the RSI signal for RDGT stock?
RIDGETECH INC (RDGT) has an RSI value of 32.7244. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RIDGETECH INC?
The MACD indicator for RIDGETECH INC (RDGT) has a value of -0.165539, indicating a bearish trend.
What is the buy/sell signal for RIDGETECH INC (RDGT) stock?
The buy/sell signal for RIDGETECH INC (RDGT) is sell as both the short term and long term trends are negative.