RES Technical Analysis - RECUPERO ETICO SOSTENIBILE S

Technical Rating and Analysis

Overall RES gets a technical rating of 4 out of 10. RES has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, RES is a bad performer in the overall market: 100% of all stocks are doing better.

RES is part of the Commercial Services & Supplies industry. There are 44 other stocks in this industry, of which 86% are performing better than RES.

Warning: RES has an average volume of 7601 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month RES has a been trading in the 5.80 - 7.58 range, which is quite wide. It is currently trading near the high of this range.

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

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RECUPERO ETICO SOSTENIBILE S / RES Weekly stock chart

RECUPERO ETICO SOSTENIBILE S / RES Daily stock chart

Setup Rating and Analysis

RES 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

5.90

7.44

We found 3 important support areas.

A support zone ranging from 6.43 to 6.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @6.26 from a trend line in the daily time frame.
A support zone ranging from 5.96 to 5.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 7.37 to 7.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 RES.MI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RES.MI is up.
ChartMill Relative Strength	0	NEGATIVE	RES.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RES.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of RES.MI is above a declining SMA(50).
Relative Strength Index/RSI (14)	63.2	NEUTRAL	The RSI value for RES.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests RES.MI has a positive trend.
Stochastics (14,3)	80.65	OVERBOUGHT	The high Stochastics value suggests RES.MI may be overbought.
Average True Range in percent/ATR (20)	4.29	MEDIUM VOLATILITY	The ATR as a percentage value for RES.MI suggests some volalility.
Average Directional Index/ADX (14)	17	NEGATIVE	The low ADX value for RES.MI suggests a weak or negative trend.