RECTITUDE HOLDINGS LTD (RECT) Technical Analysis
NASDAQ:RECT • KYG7445R1011
Current stock price
RECT Technical Rating and Analysis
Taking everything into account, RECT scores 1 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.
- When comparing the yearly performance of all stocks, RECT is a bad performer in the overall market: 95% of all stocks are doing better.
- RECT is part of the Commercial Services & Supplies industry. There are 81 other stocks in this industry, of which 76% 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 1.00 - 2.90 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.
- RECT has an average volume of 2683050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
RECT Weekly and Daily overview Charts
RECT Setup Rating and Analysis
RECT has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
RECT Support and Resistance Analysis
1.28
We can see 2 important resistance areas.
- A resistance zone ranging from 1.45 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.99 from a trend line in the daily time frame.
RECT 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 is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RECT is down. |
| ChartMill Relative Strength | 5.25 | NEGATIVE | RECT has a low relative strength, it was outperformed by 94.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RECT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RECT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RECT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.6 | NEUTRAL | The RSI value for RECT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RECT has a negative trend. |
| Stochastics (14,3) | 20.28 | NEUTRAL | The Stochastics value for RECT is a neutral value. |
| Average True Range in percent/ATR (20) | 23.13 | HIGH VOLATILITY | The high ATR as a percentage value for RECT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.15 | NEGATIVE | The low ADX value for RECT suggests a weak or negative trend. |
RECT Chart- and CandleStick Pattern Analysis
RECT Technicals: Chart, Performance Metrics, Trend & Indicators
1.29
-0.08 (-5.84%)
RECTITUDE HOLDINGS LTD / RECT TA FAQ
Can you provide the ChartMill technical rating for RECTITUDE HOLDINGS LTD?
ChartMill assigns a technical rating of 1 / 10 to RECT.
What is the current trend direction of RECTITUDE HOLDINGS LTD (RECT) stock?
The current trend direction for RECTITUDE HOLDINGS LTD (RECT) is Bearish.
What is the RSI signal for RECTITUDE HOLDINGS LTD (RECT) stock?
RECTITUDE HOLDINGS LTD (RECT) has an RSI value of 45.596. This indicates that the stock is currently neutral.
What is the short term momentum for RECTITUDE HOLDINGS LTD (RECT) stock?
The short term momentum for RECTITUDE HOLDINGS LTD (RECT) is negative.
Can you provide the support and resistance levels for RECTITUDE HOLDINGS LTD?
RECTITUDE HOLDINGS LTD (RECT) has a resistance level at 1.45. Check the full technical report for our detailed analysis of RECT support and resistance levels.