NASDAQ:RETO - Nasdaq - VGG752713070 - Common Stock - Currency: USD
Overall RETO gets a technical rating of 0 out of 10. RETO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
RETO has a poor technical rating and the quality of the setup is also not perfect 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.
2.37
When analyzing the resistance we notice 2 important areas.
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 | DOWN | NEGATIVE | The long term trend for RETO is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RETO is down. |
ChartMill Relative Strength | 1.75 | NEGATIVE | RETO has a low relative strength, it was outperformed by 98.25% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RETO is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RETO is below a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RETO is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 39.97 | NEUTRAL | The RSI value for RETO is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RETO has a positive trend. |
Stochastics (14,3) | 47.02 | NEUTRAL | The Stochastics value for RETO is a neutral value. |
Average True Range in percent/ATR (20) | 13.16 | HIGH VOLATILITY | The high ATR as a percentage value for RETO suggests high volalility. |
Average Directional Index/ADX (14) | 20.31 | NEUTRAL | The ADX value for RETO suggests a possible start of a new trend. |
2.39
-0.15 (-6.09%)