RICHARDSON ELEC LTD (RELL) Stock Technical Analysis
NASDAQ:RELL • US7631651079
We assign a technical rating of 8 out of 10 to RELL. Although RELL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- RELL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RELL is lagging the market slightly.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that RELL is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- RELL is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 58% of 123 stocks in the same industry.
- In the last month RELL has a been trading in the 10.43 - 15.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RELL has an excellent technical rating, it does not present a decent entry opportunity 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
We found 4 important support areas.
- Support @11.00 from a trend line in the daily time frame.
- Support @10.29 from a trend line in the weekly time frame.
- Support @9.75 from a trend line in the daily time frame.
- A support zone ranging from 9.50 to 9.59. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for RELL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RELL is up. |
| ChartMill Relative Strength | 77.7 | POSITIVE | RELL has a high relative strength, it outperformed 77.7% off all stocks 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) | UP | POSITIVE | The current price of RELL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.61 | NEUTRAL | The RSI value for RELL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests RELL has a positive trend. |
| Stochastics (14,3) | 67.93 | NEUTRAL | The Stochastics value for RELL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for RELL suggests high volalility. |
| Average Directional Index/ADX (14) | 29.93 | POSITIVE | The high ADX value value for RELL suggests a strong trend. |
13.8
+0.65 (+4.94%)
RICHARDSON ELEC LTD / RELL FAQ
Can you provide the ChartMill technical rating for RICHARDSON ELEC LTD?
ChartMill assigns a technical rating of 8 / 10 to RELL.
What is the trend direction for RELL stock?
The current trend direction for RICHARDSON ELEC LTD (RELL) is Bullish.
What is the RSI signal for RELL stock?
RICHARDSON ELEC LTD (RELL) has an RSI value of 63.6065. 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 0.243179, 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 positive.