RED VIOLET INC (RDVT) Stock Technical Analysis
NASDAQ:RDVT - Nasdaq - US75704L1044 - Common Stock - Currency: USD
Taking everything into account, RDVT scores 8 out of 10 in our technical rating. 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.
In the last month RDVT has a been trading in the 44.54 - 52.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that RDVT is one of the better performing stocks in the market, outperforming 91% of all 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 282 other stocks in this industry. RDVT outperforms 80% 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although RDVT has an excellent technical rating, it does not present a decent entry opportunity 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
34.67
51.48
When analyzing the support we can see 5 important areas.
- A support zone ranging from 45.13 to 45.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.91 from a trend line in the weekly time frame.
- Support @39.87 from a trend line in the daily time frame.
- A support zone ranging from 36.29 to 36.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 47.66 to 48.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @50.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 50.97 to 50.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 91.78 | POSITIVE | RDVT has a high relative strength, it outperformed 91.78% 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) | 41.37 | NEUTRAL | The RSI value for RDVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests RDVT has a negative trend. |
| Stochastics (14,3) | 10.95 | OVERSOLD | The low Stochastics value suggests RDVT may be oversold. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for RDVT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.45 | 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)
45.52
+0.38 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.84%
1 Week-6.4%
2 Weeks-6.38%
1 Month-5.54%
3 Month23.97%
6 Month28.41%
12 Month81.21%
2 Year119.8%
3 Year92.88%
5 Year197.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.78
ATR(20)%3.86%
ATR Inc-50.37%
Range Today0.94
ADR(20)1.75
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.78
Mansfield1.44
10 Day High50.75
10 Day Low44.54
20 Day High52.24
20 Day Low44.54
52 Week High52.24
52 Week Low21.83
CS1 End45.51
CR1 Start47.66
Volume & EV
DER(3)-0.52%
DER(5)-0.91%
Volume68.40K
Volume Incr-17.47%
Vol(5)89.40K
Vol(50)136.92K