RICHARDSON ELEC LTD (RELL) Technical Analysis
NASDAQ:RELL • US7631651079
We assign a technical rating of 4 out of 10 to RELL. Recently some decent action could be observed, but in the medium term time frame this is still negative. RELL was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, RELL is a bad performer in the overall market: 71% 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.
- In the last month RELL has a been trading in the 10.49 - 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 long and short term trends are both neutral. This gives a pretty neutral overall picture!
- RELL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RELL is lagging the market slightly.
RELL has an average technical rating and also the quality of the setup is only medium 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
3 important support areas can be observed.
- A support zone ranging from 10.30 to 10.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.70 to 9.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @13.76 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 | NEUTRAL | NEUTRAL | The short term trend for RELL is neutral. |
| ChartMill Relative Strength | 29.47 | NEGATIVE | RELL has a low relative strength, it was outperformed by 70.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RELL is below the rising 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) | 41.13 | NEUTRAL | The RSI value for RELL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests RELL has a negative trend. |
| Stochastics (14,3) | 15.25 | OVERSOLD | The low Stochastics value suggests RELL may be oversold. |
| Average True Range in percent/ATR (20) | 9.65 | HIGH VOLATILITY | The high ATR as a percentage value for RELL suggests high volalility. |
| Average Directional Index/ADX (14) | 25.23 | POSITIVE | The high ADX value value for RELL suggests a strong trend. |
RELL Technicals: Chart, Performance Metrics, Trend & Indicators
11.18
-0.72 (-6.05%)
RICHARDSON ELEC LTD / RELL FAQ
Can you provide the ChartMill technical rating for RICHARDSON ELEC LTD?
ChartMill assigns a technical rating of 4 / 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 41.1308. 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 -0.251594, 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 neutral.