READING INTERNATIONAL INC-B (RDIB) Stock Technical Analysis
NASDAQ:RDIB - Nasdaq - US7554082005 - Common Stock - Currency: USD
Taking everything into account, RDIB scores 6 out of 10 in our technical rating. RDIB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: RDIB has an average volume of 6321 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month RDIB has a been trading in the 8.63 - 13.23 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, RDIB turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
RDIB is an average performer in the Entertainment industry, it outperforms 54% of 72 stocks in the same industry.
RDIB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RDIB is lagging the market slightly.
Although the technical rating is only medium, RDIB does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 9.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RDIB 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
9.49
12.20
We found 1 important support area.
- A support zone ranging from 9.59 to 9.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @11.42 from a trend line in the daily time frame.
- Resistance @11.71 from a trend line in the weekly time frame.
- Resistance @12.08 from a trend 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 RDIB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDIB is neutral. |
| ChartMill Relative Strength | 56.49 | NEUTRAL | RDIB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDIB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDIB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RDIB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.69 | NEUTRAL | The RSI value for RDIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RDIB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.97 | NEUTRAL | The Stochastics value for RDIB is a neutral value. |
| Average True Range in percent/ATR (20) | 13.39 | HIGH VOLATILITY | The high ATR as a percentage value for RDIB suggests high volalility. |
| Average Directional Index/ADX (14) | 32.57 | POSITIVE | The high ADX value value for RDIB 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)
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 |
|---|---|---|---|
| 11.43 | 9.58 | 1.85 (16.19%) | 6.18% |
| An entry @11.43. This is a Buy Stop order right above the resistance zone. | An exit @9.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.85 points, which is 16.19%. | For a 1.00% total portfolio risk, you can invest 6.18% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RDIB. 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.
NASDAQ:RDIB (6/13/2025, 4:30:01 PM)
10.33
+0.73 (+7.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg7.6%
1 Week5.78%
2 Weeks-3.79%
1 Month-0.78%
3 Month36.42%
6 Month62.05%
12 Month-28.01%
2 Year-55.97%
3 Year-51.67%
5 Year-38.15%
10 Year-21.92%
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%13.39%
ATR Inc39.73%
Range Today2.72
ADR(20)1.27
ADR(20)%12.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.49
Mansfield0.43
10 Day High13.23
10 Day Low8.63
20 Day High13.23
20 Day Low8.63
52 Week High21.34
52 Week Low5.78
CS1 End9.69
CR1 Start11.42
Volume & EV
DER(3)4.12%
DER(5)2.94%
Volume23.76K
Volume Incr-13.33%
Vol(5)6.65K
Vol(50)6.32K