RADIUS RECYCLING INC (RDUS) Stock Technical Analysis
NASDAQ:RDUS - Nasdaq - US8068821060 - Common Stock - Currency: USD
Overall RDUS gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RDUS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
RDUS is one of the better performing stocks in the Metals & Mining industry, it outperforms 94% of 154 stocks in the same industry.
RDUS is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RDUS is leading the market.
RDUS has an average volume of 1138320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RDUS is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month RDUS has a been trading in a tight range between 29.10 and 29.65.
Considerably lower volume is observed in the last couple of days.
Although RDUS 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.
More info and screens
14.82
29.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.53 to 29.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.97 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.62 to 29.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 RDUS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDUS is up. |
| ChartMill Relative Strength | 98.09 | POSITIVE | RDUS has a high relative strength, it outperformed 98.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDUS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.66 | OVERBOUGHT | The high RSI value suggests RDUS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests RDUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.82 | NEUTRAL | The Stochastics value for RDUS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for RDUS suggests low volalility. |
| Average Directional Index/ADX (14) | 49.44 | POSITIVE | The high ADX value value for RDUS 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)
29.61
+0.18 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.61%
1 Week0.71%
2 Weeks0.92%
1 Month1.27%
3 Month124.83%
6 Month46.51%
12 Month68.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.55%
ATR Inc17.53%
Range Today0.24
ADR(20)0.16
ADR(20)%0.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.09
Mansfield5.56
10 Day High29.65
10 Day Low29.34
20 Day High29.65
20 Day Low29.1
52 Week High29.65
52 Week Low10.57
CS1 End29.44
CR1 Start29.62
Volume & EV
DER(3)4.28%
DER(5)1.05%
Volume948.25K
Volume Incr-17.03%
Vol(5)553.37K
Vol(50)1.14M