RED VIOLET INC (RDVT) Stock Technical Analysis
USA - NASDAQ:RDVT - US75704L1044 - Common Stock
51.05 USD
+1.23 (+2.47%)
51.05 USD
0 (0%)
We assign a technical rating of 10 out of 10 to RDVT. Both in the recent history as in the last year, RDVT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RDVT did better than 88% of all other stocks. We also observe that the gains produced by RDVT over the past year are nicely spread over this period.
RDVT is part of the Software industry. There are 280 other stocks in this industry. RDVT outperforms 77% of them.
RDVT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RDVT is lagging the market slightly.
In the last month RDVT has a been trading in the 43.92 - 54.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RDVT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 50.18, a Stop Loss order could be placed below this zone.
More info and screens
42.69
51.57
4 important support areas can be observed.
- A support zone ranging from 49.45 to 50.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 48.35 to 48.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.27 from a trend line in the weekly time frame.
- Support @43.12 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @51.06 from a horizontal 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 RDVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDVT is up. |
| ChartMill Relative Strength | 88.26 | POSITIVE | RDVT has a high relative strength, it outperformed 88.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60 | NEUTRAL | The RSI value for RDVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RDVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.74 | NEUTRAL | The Stochastics value for RDVT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for RDVT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for RDVT suggests a possible start of a new 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 |
|---|---|---|---|
| 51.07 | 49.44 | 1.63 (3.19%) | 25.00% |
| An entry @51.07. This is a Buy Stop order right above the resistance zone. | An exit @49.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.63 points, which is 3.19%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RDVT. 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.
51.05
+1.23 (+2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.47%
1 Week5.56%
2 Weeks2.53%
1 Month15.06%
3 Month7.59%
6 Month32.12%
12 Month74.59%
2 Year155.12%
3 Year194.75%
5 Year176.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.95
ATR(20)%3.74%
ATR Inc-27.84%
Range Today1.92
ADR(20)1.79
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.26
Mansfield1.46
10 Day High54.19
10 Day Low47.13
20 Day High54.19
20 Day Low43.92
52 Week High54.19
52 Week Low25.37
CS1 End50.18
CR1 Start51.06
Volume & EV
DER(3)-2.72%
DER(5)-0.77%
Volume92.50K
Volume Incr-16.72%
Vol(5)76.43K
Vol(50)87.82K