RIDGETECH INC (RDGT) Stock Technical Analysis
USA - NASDAQ:RDGT - KYG2124G1203 - Common Stock
1.61 USD
-0.06 (-3.59%)
1.62 USD
+0.01 (+0.62%)
Overall RDGT gets a technical rating of 7 out of 10. Although RDGT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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 39 other stocks in this industry, of which 100% are performing better than RDGT.
Warning: RDGT has an average volume of 25096 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month RDGT has a been trading in the 1.21 - 2.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RDGT has an excellent technical rating, it does not offer a high 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
1.21
1.63
We found 2 important support areas.
- Support @1.26 from a trend line in the daily time frame.
- Support @1.22 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 | UP | POSITIVE | The short term trend for RDGT is up. |
| 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 | POSITIVE | The current price of RDGT is above 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) | 58.1 | NEUTRAL | The RSI value for RDGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RDGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.53 | NEUTRAL | The Stochastics value for RDGT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for RDGT suggests high volalility. |
| Average Directional Index/ADX (14) | 39.68 | 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)
1.61
-0.06 (-3.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-3.59%
1 Week17.52%
2 Weeks23.85%
1 Month19.65%
3 Month18.38%
6 Month57.26%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%8.93%
ATR Inc37.59%
Range Today0.22
ADR(20)0.14
ADR(20)%8.81%
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 High2.07
10 Day Low1.28
20 Day High2.07
20 Day Low1.21
52 Week HighN/A
52 Week LowN/A
CS1 End1.26
CR1 StartN/A
Volume & EV
DER(3)-22.17%
DER(5)-13.18%
Volume16.70K
Volume Incr674.41%
Vol(5)116.20K
Vol(50)25.10K