READING INTERNATIONAL INC-A (RDI) Stock Technical Analysis
USA - NASDAQ:RDI - US7554081015 - Common Stock
1.55 USD
-0.04 (-2.52%)
1.53 USD
-0.02 (-1.29%)
We assign a technical rating of 8 out of 10 to RDI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RDI is only an average performer.
The long and short term trends are both positive. This is looking good!
RDI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that RDI is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
RDI is part of the Entertainment industry. There are 80 other stocks in this industry, RDI did better than 54% of them.
RDI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RDI is lagging the market.
RDI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.59. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for RDI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.25
1.83
We found 2 important support areas.
- A support zone ranging from 1.49 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.26 to 1.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.58 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.71 from a trend line in the weekly time frame.
- Resistance @1.81 from a horizontal line in the weekly 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 RDI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDI is up. |
| ChartMill Relative Strength | 72.98 | POSITIVE | RDI has a high relative strength, it outperformed 72.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.52 | NEUTRAL | The RSI value for RDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RDI has a positive trend. |
| Stochastics (14,3) | 72.81 | NEUTRAL | The Stochastics value for RDI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for RDI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.19 | NEUTRAL | The ADX value for RDI suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.60 | 1.57 | 0.03 (1.88%) | 25.00% |
| An entry @1.60. This is a Buy Stop order right above the resistance zone. | An exit @1.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.03 points, which is 1.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- The distance between exit and entry is rather small compared to the average daily movement of RDI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.55
-0.04 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-2.52%
1 Week4.97%
2 Weeks2.92%
1 Month10.15%
3 Month28.86%
6 Month26.8%
12 Month-1.55%
2 Year-25.24%
3 Year-51.82%
5 Year-50.78%
10 Year-87.49%
15 Year-64.93%
Volatility
ATR(14)0.08
ATR(20)%5.03%
ATR Inc20.62%
Range Today0
ADR(20)0.08
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.98
Mansfield0
10 Day High1.61
10 Day Low1.48
20 Day High1.65
20 Day Low1.44
52 Week High1.87
52 Week Low1.17
CS1 End1.58
CR1 Start1.59
Volume & EV
DER(3)16.99%
DER(5)13.07%
Volume5.10K
Volume Incr39.68%
Vol(5)68.95K
Vol(50)49.69K