Overall RDVT gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
RDVT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 53.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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46.69
We found 4 important support areas.
- A support zone ranging from 53.03 to 53.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.62 to 51.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @48.38 from a trend line in the weekly time frame.
- Support @47.16 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for RDVT is neutral. |
| ChartMill Relative Strength | 85.9 | POSITIVE | RDVT has a high relative strength, it outperformed 85.9% 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) | 46.76 | NEUTRAL | The RSI value for RDVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests RDVT has a negative trend. |
| Stochastics (14,3) | 36.18 | NEUTRAL | The Stochastics value for RDVT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for RDVT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.55 | NEGATIVE | The low ADX value for RDVT suggests a weak or negative 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 |
|---|---|---|---|
| 56.02 | 53.02 | 3.00 (5.36%) | 18.67% |
| An entry @56.02. This is a Buy Stop order right above the 10 day high. | An exit @53.02. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.00 points, which is 5.36%. | When investing 18.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
53.46
+0.35 (+0.66%)
RED VIOLET INC / RDVT FAQ
Can you provide the ChartMill technical rating for RED VIOLET INC?
ChartMill assigns a technical rating of 8 / 10 to RDVT.
Can you provide the trend direction for RED VIOLET INC?
The current trend direction for RED VIOLET INC (RDVT) is Bullish.
Can you provide the RSI signal for RED VIOLET INC?
RED VIOLET INC (RDVT) has an RSI value of 46.7558. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RED VIOLET INC?
The MACD indicator for RED VIOLET INC (RDVT) has a value of -0.259442, indicating a bearish trend.
What is the short term momentum for RED VIOLET INC (RDVT) stock?
The short term momentum for RED VIOLET INC (RDVT) is neutral.