RES Technical Analysis - RECUPERO ETICO SOSTENIBILE S

Technical Rating and Analysis

Taking everything into account, RES scores 1 out of 10 in our technical rating. RES'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.

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 one of the lesser performing stocks in the Commercial Services & Supplies industry. 87% of 42 stocks in the same industry do better.

Warning: RES has an average volume of 6176 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

In the last month RES has a been trading in the 5.80 - 6.98 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

RECUPERO ETICO SOSTENIBILE S / RES Weekly stock chart

RECUPERO ETICO SOSTENIBILE S / RES Daily stock chart

Setup Rating and Analysis

The technical rating of RES 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.81

7.06

We found 2 important support areas.

Support @6.06 from a trend line in the daily time frame.
A support zone ranging from 5.87 to 5.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 6.42 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @6.99 from a horizontal line in the daily 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 RES.MI is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RES.MI is neutral.
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)	DOWN	NEGATIVE	The current price of RES.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RES.MI is below a declining SMA(50).
Relative Strength Index/RSI (14)	45.27	NEUTRAL	The RSI value for RES.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests RES.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	68.78	NEUTRAL	The Stochastics value for RES.MI is a neutral value.
Average True Range in percent/ATR (20)	4.81	MEDIUM VOLATILITY	The ATR as a percentage value for RES.MI suggests some volalility.
Average Directional Index/ADX (14)	20.54	NEUTRAL	The ADX value for RES.MI suggests a possible start of a new trend.