READING INTERNATIONAL INC-A (RDI) Stock Technical Analysis
USA - NASDAQ:RDI - US7554081015 - Common Stock
Overall RDI gets a technical rating of 0 out of 10. RDI'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 technical rating of RDI 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
1.20
We can see 4 important resistance areas.
- A resistance zone ranging from 1.34 to 1.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.53 from a trend line in the weekly time frame.
- Resistance @1.56 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 RDI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDI is down. |
| ChartMill Relative Strength | 24.52 | NEGATIVE | RDI has a low relative strength, it was outperformed by 75.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RDI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.49 | NEUTRAL | The RSI value for RDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RDI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.92 | NEUTRAL | The Stochastics value for RDI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for RDI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for RDI suggests a weak or negative trend. |
1.21
-0.03 (-2.42%)
READING INTERNATIONAL INC-A / RDI FAQ
What is the technical rating for RDI stock?
ChartMill assigns a technical rating of 0 / 10 to RDI.
What is the current trend direction of READING INTERNATIONAL INC-A (RDI) stock?
The current trend direction for READING INTERNATIONAL INC-A (RDI) is Bearish.
What is the RSI signal for RDI stock?
READING INTERNATIONAL INC-A (RDI) has an RSI value of 36.492. This indicates that the stock is currently neutral.
What is the short term momentum for RDI stock?
The short term momentum for READING INTERNATIONAL INC-A (RDI) is negative.
Can you provide the support and resistance levels for READING INTERNATIONAL INC-A?
READING INTERNATIONAL INC-A (RDI) has a resistance level at 1.34. Check the full technical report for our detailed analysis of RDI support and resistance levels.