RECT Technical Analysis - RECTICEL

Technical Rating and Analysis

Taking everything into account, RECT scores 0 out of 10 in our technical rating. RECT'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

96% of all other stocks performed better in the past year than RECT.

RECT is part of the Building Products industry. There are 23 other stocks in this industry, of which 81% are performing better than RECT.

RECT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month RECT has a been trading in the 8.55 - 9.25 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, RECT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.56

11.39

When analyzing the support we notice one important area.

A support zone ranging from 8.65 to 8.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 9.13 to 9.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @10.52 from a trend line in the daily time frame.
A resistance zone ranging from 11.00 to 11.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 11.24 to 11.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 RECT.BR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RECT.BR is down.
ChartMill Relative Strength	4.17	NEGATIVE	RECT.BR has a low relative strength, it was outperformed by 95.83% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RECT.BR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RECT.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RECT.BR is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.25	NEUTRAL	The RSI value for RECT.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests RECT.BR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	16.67	OVERSOLD	The low Stochastics value suggests RECT.BR may be oversold.
Average True Range in percent/ATR (20)	2.62	MEDIUM VOLATILITY	The ATR as a percentage value for RECT.BR suggests some volalility.
Average Directional Index/ADX (14)	35.65	POSITIVE	The high ADX value value for RECT.BR suggests a strong trend.