RICHARDSON ELEC LTD (RELL) Stock Technical Analysis
NASDAQ:RELL - Nasdaq - US7631651079 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to RELL. 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.
When comparing the yearly performance of all stocks, RELL is a bad performer in the overall market: 73% of all stocks are doing better.
RELL is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 62% 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 9.42 - 11.15 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
RELL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 9.60, a Stop Loss order could be placed below this zone.
More info and screens
8.32
11.12
We found 4 important support areas.
- A support zone ranging from 9.51 to 9.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.13 from a trend line in the daily time frame.
- A support zone ranging from 8.75 to 8.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @10.53 from a horizontal line in the weekly time frame.
- Resistance @10.80 from a trend line in the daily time frame.
- Resistance @11.01 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for RELL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RELL is neutral. |
| ChartMill Relative Strength | 27.32 | NEGATIVE | RELL has a low relative strength, it was outperformed by 72.68% 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) | UP | POSITIVE | The current price of RELL is above the rising 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) | 47.66 | NEUTRAL | The RSI value for RELL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RELL has a negative trend. |
| Stochastics (14,3) | 14.6 | OVERSOLD | The low Stochastics value suggests RELL may be oversold. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for RELL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.95 | 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)
9.74
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.1%
1 Week-4.6%
2 Weeks-0.41%
1 Month-2.01%
3 Month9.56%
6 Month-25.13%
12 Month-14.93%
2 Year-22.64%
3 Year-39.99%
5 Year114.54%
10 Year56.59%
15 Year10.68%
Volatility
ATR(14)0.52
ATR(20)%4.51%
ATR Inc-27.65%
Range Today0.35
ADR(20)0.41
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.32
Mansfield-2.3
10 Day High11.15
10 Day Low9.58
20 Day High11.15
20 Day Low9.42
52 Week High15.51
52 Week Low7.57
CS1 End9.6
CR1 Start10.53
Volume & EV
DER(3)1.59%
DER(5)1.07%
Volume32.20K
Volume Incr6.41%
Vol(5)35.18K
Vol(50)39.54K