RESONANT INC (RESN) Technical Analysis
NASDAQ:RESN
Current stock price
RESN Technical Rating and Analysis
Overall RESN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RESN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- RESN is part of the Communications Equipment industry. There are 48 other stocks in this industry. RESN outperforms 89% of them.
- A new 52 week high is currently being made by RESN, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so RESN is leading the market.
- RESN has an average volume of 2443340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that RESN is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month RESN has a been trading in a tight range between 4.37 and 4.50.
RESN Weekly and Daily overview Charts
RESN Setup Rating and Analysis
RESN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.47, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
RESN Support and Resistance Analysis
2.43
2 important support areas can be observed.
- A support zone ranging from 4.44 to 4.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.49 to 4.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
RESN 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 | UP | POSITIVE | The long term trend for RESN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RESN is up. |
| ChartMill Relative Strength | 98.14 | POSITIVE | RESN has a high relative strength, it outperformed 98.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RESN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RESN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RESN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.26 | OVERBOUGHT | The high RSI value suggests RESN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RESN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.97 | OVERBOUGHT | The high Stochastics value suggests RESN may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for RESN suggests low volalility. |
RESN Chart- and CandleStick Pattern Analysis
RESN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.51 | 4.43 | 0.08 (1.77%) | 25.00% |
| An entry @4.51. This is a Buy Stop order right above the resistance zone. | An exit @4.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 1.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RESN Technicals: Chart, Performance Metrics, Trend & Indicators
4.48
-0.01 (-0.22%)
RESONANT INC / RESN TA FAQ
What is the technical rating for RESN stock?
ChartMill assigns a technical rating of 8 / 10 to RESN.
What is the trend direction for RESN stock?
The current trend direction for RESONANT INC (RESN) is Bullish.
What is the RSI signal for RESONANT INC (RESN) stock?
RESONANT INC (RESN) has an RSI value of 84.2566. This indicates that the stock is currently overbought.
What is the short term momentum for RESN stock?
The short term momentum for RESONANT INC (RESN) is positive.
What is the support and resistance level for RESN stock?
RESONANT INC (RESN) has a support level at 4.47 and a resistance level at 4.49. Check the full technical report for our detailed analysis of RESN support and resistance levels.