RADIUS RECYCLING INC (RDUS) Stock Technical Analysis
NASDAQ:RDUS - Nasdaq - US8068821060 - Common Stock - Currency: USD
Taking everything into account, RDUS scores 9 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, RDUS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RDUS did better than 94% of all other stocks.
RDUS is part of the Metals & Mining industry. There are 155 other stocks in this industry. RDUS outperforms 72% of them.
RDUS is currently trading near its 52 week high, which is a good sign. 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.
In the last month RDUS has a been trading in a tight range between 29.34 and 29.74.
RDUS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 29.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RDUS 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
15.42
30.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.33 to 29.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.53 to 28.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.58 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.55 to 29.70. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 94.27 | POSITIVE | RDUS has a high relative strength, it outperformed 94.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RDUS is below 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) | 60.03 | NEUTRAL | The RSI value for RDUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RDUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.1 | NEUTRAL | The Stochastics value for RDUS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for RDUS suggests low volalility. |
| Average Directional Index/ADX (14) | 44.16 | 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)
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 |
|---|---|---|---|
| 29.71 | 29.33 | 0.38 (1.28%) | 25.00% |
| An entry @29.71. This is a Buy Stop order right above the resistance zone. | An exit @29.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.38 points, which is 1.28%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
29.53
+0.04 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.14%
1 Week-0.3%
2 Weeks-0.27%
1 Month0.58%
3 Month6.18%
6 Month68.84%
12 Month90.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.48%
ATR Inc70.27%
Range Today0.24
ADR(20)0.14
ADR(20)%0.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.27
Mansfield4.55
10 Day High29.74
10 Day Low29.34
20 Day High29.74
20 Day Low29.34
52 Week High29.74
52 Week Low10.57
CS1 End29.52
CR1 Start29.55
Volume & EV
DER(3)1.01%
DER(5)3.06%
Volume680.10K
Volume Incr-7.35%
Vol(5)697.34K
Vol(50)900.63K