REC Technical Analysis - RECORDATI INDUSTRIA CHIMICA

Technical Rating and Analysis

Overall REC gets a technical rating of 1 out of 10. REC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, REC is a bad performer in the overall market: 75% of all stocks are doing better.

In the last month REC has a been trading in the 50.20 - 54.30 range, which is quite wide. It is currently trading near the lows of this range.

REC is an average performer in the Pharmaceuticals industry, it outperforms 59% of 53 stocks in the same industry.

REC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REC is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RECORDATI INDUSTRIA CHIMICA / REC Weekly stock chart

RECORDATI INDUSTRIA CHIMICA / REC Daily stock chart

Setup Rating and Analysis

REC has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

46.16

55.86

When analyzing the support we can see 2 important areas.

Support @50.35 from a horizontal line in the daily time frame.
Support @46.63 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 51.49 to 53.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 54.95 to 55.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for REC.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for REC.MI is down.
ChartMill Relative Strength	25.66	NEGATIVE	REC.MI has a low relative strength, it was outperformed by 74.34% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of REC.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of REC.MI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of REC.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.47	NEUTRAL	The RSI value for REC.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests REC.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.17	OVERSOLD	The low Stochastics value suggests REC.MI may be oversold.
Average True Range in percent/ATR (20)	1.98	LOW VOLATILITY	The low ATR as a percentage value for REC.MI suggests low volalility.
Average Directional Index/ADX (14)	15.48	NEGATIVE	The low ADX value for REC.MI suggests a weak or negative trend.