RED VIOLET INC (RDVT) Stock Technical Analysis
USA - NASDAQ:RDVT - US75704L1044 - Common Stock
Taking everything into account, RDVT scores 10 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, RDVT is showing a nice and steady performance.
RDVT 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
45.53
We found 4 important support areas.
- A support zone ranging from 52.45 to 52.86. 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 multiple time frames.
- Support @47.26 from a trend line in the weekly time frame.
- Support @45.99 from a trend 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 | UP | POSITIVE | The short term trend for RDVT is up. |
| ChartMill Relative Strength | 92.89 | POSITIVE | RDVT has a high relative strength, it outperformed 92.89% 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) | 63.03 | NEUTRAL | The RSI value for RDVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests RDVT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.35 | NEUTRAL | The Stochastics value for RDVT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for RDVT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for RDVT suggests a strong 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 |
|---|---|---|---|
| 64.15 | 51.11 | 13.04 (20.32%) | 4.92% |
| An entry @64.15. This is a Buy Stop order right above the 10 day high. | An exit @51.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.04 points, which is 20.32%. | When investing 4.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
57.98
+0.01 (+0.02%)
RED VIOLET INC / RDVT FAQ
Can you provide the ChartMill technical rating for RED VIOLET INC?
ChartMill assigns a technical rating of 10 / 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 63.0273. 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 0.475255, 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 positive.