Europe - Euronext Amsterdam - AMS:RDSB - GB00B03MM408
Taking everything into account, RDSB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RDSB is showing a nice and steady performance.
Although RDSB has an excellent technical rating, it does not present a decent entry opportunity 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.
16.41
When analyzing the support we can see 6 important areas.
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 RDSB.AS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDSB.AS is up. |
| ChartMill Relative Strength | 95.48 | POSITIVE | RDSB.AS has a high relative strength, it outperformed 95.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDSB.AS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDSB.AS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDSB.AS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.35 | NEUTRAL | The RSI value for RDSB.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RDSB.AS has a positive trend. |
| Stochastics (14,3) | 85.73 | OVERBOUGHT | The high Stochastics value suggests RDSB.AS may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for RDSB.AS suggests some volalility. |
ChartMill assigns a technical rating of 10 / 10 to RDSB.AS.
The current trend direction for (RDSB.AS) is Bullish.
(RDSB.AS) has an RSI value of 66.3539. This indicates that the stock is currently neutral.
The MACD indicator for (RDSB.AS) has a value of 0.0754605, indicating a bearish trend.
The short term momentum for (RDSB.AS) is positive.