RED VIOLET INC (RDVT) Stock Technical Analysis
NASDAQ:RDVT - Nasdaq - US75704L1044 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RDVT. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RDVT did better than 96% 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 one of the better performing stocks in the Software industry, it outperforms 91% of 284 stocks in the same industry.
RDVT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RDVT is performing more or less in line with the market.
In the last month RDVT has a been trading in the 43.25 - 51.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RDVT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 46.66, 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
34.67
50.62
When analyzing the support we can see 6 important areas.
- A support zone ranging from 45.63 to 46.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.83 to 44.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.41 from a trend line in the weekly time frame.
- Support @38.56 from a trend line in the daily time frame.
- Support @36.33 from a trend line in the weekly time frame.
- Support @35.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @50.12 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 | UP | POSITIVE | The short term trend for RDVT is up. |
| ChartMill Relative Strength | 96.05 | POSITIVE | RDVT has a high relative strength, it outperformed 96.05% 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 | 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) | 54.44 | NEUTRAL | The RSI value for RDVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests RDVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.48 | NEUTRAL | The Stochastics value for RDVT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for RDVT suggests some volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for RDVT suggests a weak or negative 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 |
|---|---|---|---|
| 50.13 | 45.62 | 4.51 (9.00%) | 11.12% |
| An entry @50.13. This is a Buy Stop order right above the resistance zone. | An exit @45.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.51 points, which is 9.00%. | When investing 11.12% 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.
47.45
-0.25 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.52%
1 Week1.35%
2 Weeks2.42%
1 Month-4.74%
3 Month22.8%
6 Month25.5%
12 Month114.9%
2 Year130.68%
3 Year149.21%
5 Year168.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.83
ATR(20)%3.57%
ATR Inc-39.73%
Range Today0.98
ADR(20)1.67
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.05
Mansfield3.12
10 Day High48.68
10 Day Low43.25
20 Day High51.1
20 Day Low43.25
52 Week High51.1
52 Week Low21.83
CS1 End46.66
CR1 Start50.12
Volume & EV
DER(3)2.51%
DER(5)3.65%
Volume174.90K
Volume Incr-23.89%
Vol(5)112.92K
Vol(50)129.70K