Taking everything into account, RDVT scores 6 out of 10 in our technical rating. In the last year, RDVT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- RDVT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that RDVT is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, RDVT also shows a nice and consistent pattern of rising prices.
- RDVT is one of the better performing stocks in the Software industry, it outperforms 86% of 276 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- RDVT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RDVT is lagging the market.
Although the technical rating is only medium, RDVT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 51.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RDVT 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
48.51
We found 2 important support areas.
- A support zone ranging from 50.62 to 51.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.00 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @52.09 from a trend line in the daily time frame.
- A resistance zone ranging from 53.06 to 54.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @56.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 58.43 to 58.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.43 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for RDVT is down. |
| ChartMill Relative Strength | 84.48 | POSITIVE | RDVT has a high relative strength, it outperformed 84.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDVT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RDVT is below 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) | 41.3 | NEUTRAL | The RSI value for RDVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests RDVT has a negative trend. |
| Stochastics (14,3) | 19.43 | OVERSOLD | The low Stochastics value suggests RDVT may be oversold. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for RDVT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for RDVT suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 52.10 | 51.06 | 1.04 (2.00%) | 25.00% |
| An entry @52.10. This is a Buy Stop order right above the resistance zone. | An exit @51.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.04 points, which is 2.00%. | For a 0.50% 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.
51.73
-1.08 (-2.05%)
RED VIOLET INC / RDVT FAQ
Can you provide the ChartMill technical rating for RED VIOLET INC?
ChartMill assigns a technical rating of 6 / 10 to RDVT.
What is the trend direction for RDVT stock?
The current trend direction for RED VIOLET INC (RDVT) is Bullish.
What is the RSI signal for RED VIOLET INC (RDVT) stock?
RED VIOLET INC (RDVT) has an RSI value of 41.2957. This indicates that the stock is currently neutral.
What is the MACD signal for RED VIOLET INC (RDVT) stock?
The MACD indicator for RED VIOLET INC (RDVT) has a value of -0.38022, indicating a bearish trend.
What is the short term momentum for RDVT stock?
The short term momentum for RED VIOLET INC (RDVT) is negative.