RICHARDSON ELEC LTD (RELL) Stock Technical Analysis
NASDAQ:RELL - Nasdaq - US7631651079 - Common Stock - Currency: USD
Overall RELL gets a technical rating of 0 out of 10. RELL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, RELL is a bad performer in the overall market: 89% of all stocks are doing better.
RELL is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 82% are performing better than RELL.
RELL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RELL has a been trading in the 8.66 - 9.72 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RELL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
8.03
9.74
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.94 to 8.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.40 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.11 to 8.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.38 to 9.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for RELL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RELL is down. |
| ChartMill Relative Strength | 11.98 | NEGATIVE | RELL has a low relative strength, it was outperformed by 88.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RELL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RELL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RELL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.37 | NEUTRAL | The RSI value for RELL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RELL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.62 | NEUTRAL | The Stochastics value for RELL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for RELL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.89 | NEGATIVE | The low ADX value for RELL 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)
9.09
+0.22 (+2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.48%
1 Week-5.61%
2 Weeks3.77%
1 Month-4.01%
3 Month-24.5%
6 Month-35.12%
12 Month-22.9%
2 Year-44.91%
3 Year-37.99%
5 Year124.72%
10 Year12.5%
15 Year1%
Volatility
ATR(14)0.31
ATR(20)%3.18%
ATR Inc-8.49%
Range Today0.19
ADR(20)0.26
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.98
Mansfield-2.74
10 Day High9.73
10 Day Low8.66
20 Day High9.73
20 Day Low8.66
52 Week High15.51
52 Week Low7.57
CS1 End8.97
CR1 Start9.38
Volume & EV
DER(3)0.55%
DER(5)-1.5%
Volume27.30K
Volume Incr-5.83%
Vol(5)36.12K
Vol(50)63.88K