REFR Technical Analysis - RESEARCH FRONTIERS INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to REFR. Both in the recent history as in the last year, REFR has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

REFR is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 74% of 125 stocks in the same industry.

REFR 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 REFR is performing more or less in line with the market.

In the last month REFR has a been trading in the 1.19 - 2.09 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, REFR did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RESEARCH FRONTIERS INC / REFR Weekly stock chart

RESEARCH FRONTIERS INC / REFR Daily stock chart

Setup Rating and Analysis

Although REFR 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.93

2.08

When analyzing the support we can see 3 important areas.

A support zone ranging from 1.89 to 1.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @0.99 from a horizontal line in the weekly time frame.
Support @0.94 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 2.01 to 2.06. 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	UP	POSITIVE	The long term trend for REFR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for REFR is up.
ChartMill Relative Strength	91.25	POSITIVE	REFR has a high relative strength, it outperformed 91.25% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of REFR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of REFR is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of REFR is above a declining SMA(200).
Relative Strength Index/RSI (14)	73.77	OVERBOUGHT	The high RSI value suggests REFR may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests REFR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	84.8	OVERBOUGHT	The high Stochastics value suggests REFR may be overbought.
Average True Range in percent/ATR (20)	7.57	HIGH VOLATILITY	The high ATR as a percentage value for REFR suggests high volalility.
Average Directional Index/ADX (14)	62.3	POSITIVE	The high ADX value value for REFR suggests a strong trend.