RADIUS RECYCLING INC (RDUS) Stock Technical Analysis
NASDAQ:RDUS - Nasdaq - US8068821060 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to RDUS. 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!
RDUS is part of the Metals & Mining industry. There are 154 other stocks in this industry. RDUS outperforms 71% of them.
RDUS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the yearly performance of all stocks, we notice that RDUS is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month RDUS has a been trading in a tight range between 29.34 and 30.04.
Volume is considerably higher in the last couple of days.
RDUS has an excellent technical rating, but the quality of the setup is only medium 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
28.24
30.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.44 to 29.76. 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 28.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 30.01 to 30.01. 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 | 90.16 | POSITIVE | RDUS has a high relative strength, it outperformed 90.16% 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) | 71.87 | OVERBOUGHT | The high RSI value suggests RDUS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RDUS has a positive trend. |
| Stochastics (14,3) | 91.44 | OVERBOUGHT | The high Stochastics value suggests RDUS may be overbought. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for RDUS suggests low volalility. |
| Average Directional Index/ADX (14) | 27.43 | 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)
30
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week1.25%
2 Weeks1.45%
1 Month1.35%
3 Month3.2%
6 Month173.72%
12 Month80.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.45%
ATR Inc-77.73%
Range Today0.02
ADR(20)0.12
ADR(20)%0.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.16
Mansfield3.45
10 Day High30.04
10 Day Low29.56
20 Day High30.04
20 Day Low29.34
52 Week High30.04
52 Week Low10.57
CS1 End29.76
CR1 Start30.01
Volume & EV
DER(3)-4.54%
DER(5)-2.01%
Volume1.72M
Volume Incr72.96%
Vol(5)946.76K
Vol(50)693.34K