RELL Technical Analysis - RICHARDSON ELEC LTD

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to RELL. In the last year, RELL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

63% 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. 62% of 124 stocks in the same industry do better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

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.

In the last month RELL has a been trading in the 9.44 - 13.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RICHARDSON ELEC LTD / RELL Weekly stock chart

RICHARDSON ELEC LTD / RELL Daily stock chart

Setup Rating and Analysis

RELL has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.32

11.36

3 important support areas can be observed.

A support zone ranging from 9.89 to 10.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 9.50 to 9.59. 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.

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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	NEUTRAL	NEUTRAL	The long term trend for RELL is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RELL is up.
ChartMill Relative Strength	37.31	NEUTRAL	RELL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RELL is above the rising 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	MIXED	The current price of RELL is above a declining SMA(200).
Relative Strength Index/RSI (14)	63.6	NEUTRAL	The RSI value for RELL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests RELL has a positive trend.
Stochastics (14,3)	65.13	NEUTRAL	The Stochastics value for RELL is a neutral value.
Average True Range in percent/ATR (20)	4.86	MEDIUM VOLATILITY	The ATR as a percentage value for RELL suggests some volalility.
Average Directional Index/ADX (14)	21.95	NEUTRAL	The ADX value for RELL suggests a possible start of a new trend.