RICHARDSON ELEC LTD (RELL) Technical Analysis
NASDAQ:RELL • US7631651079
We assign a technical rating of 1 out of 10 to RELL. RELL'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.
- 68% of all other stocks performed better in the past year than RELL.
- RELL is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 60% of 124 stocks in the same industry do better.
- In the last month RELL has a been trading in the 10.63 - 15.34 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.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- RELL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RELL is lagging the market.
The technical rating of RELL is bad and it also does not present a quality setup 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.
More info and screens
9.41
5 important support areas can be observed.
- A support zone ranging from 11.17 to 11.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.49 to 10.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.30 from a horizontal line in the daily time frame.
- Support @9.84 from a trend line in the daily time frame.
- Support @9.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.47 to 11.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.75 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for RELL is down. |
| ChartMill Relative Strength | 32.47 | NEUTRAL | RELL is not amongst the best or worst performers 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 | MIXED | The current price of RELL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RELL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.96 | NEUTRAL | The RSI value for RELL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests RELL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.6 | NEUTRAL | The Stochastics value for RELL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.44 | HIGH VOLATILITY | The high ATR as a percentage value for RELL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.39 | NEUTRAL | The ADX value for RELL suggests a possible start of a new trend. |
RELL Technicals: Chart, Performance Metrics, Trend & Indicators
11.46
+0.12 (+1.06%)
RICHARDSON ELEC LTD / RELL FAQ
Can you provide the ChartMill technical rating for RICHARDSON ELEC LTD?
ChartMill assigns a technical rating of 1 / 10 to RELL.
What is the trend direction for RELL stock?
The current trend direction for RICHARDSON ELEC LTD (RELL) is Bearish.
What is the RSI signal for RELL stock?
RICHARDSON ELEC LTD (RELL) has an RSI value of 43.9644. This indicates that the stock is currently neutral.
What is the MACD signal for RELL stock?
The MACD indicator for RICHARDSON ELEC LTD (RELL) has a value of -0.238952, indicating a bearish trend.
Can you provide the short term momentum for RICHARDSON ELEC LTD?
The short term momentum for RICHARDSON ELEC LTD (RELL) is negative.