RETO ECO-SOLUTIONS INC-A (RETO) Stock Technical Analysis
NASDAQ:RETO - Nasdaq - VGG752713070 - Common Stock - Currency: USD
Taking everything into account, RETO scores 0 out of 10 in our technical rating. RETO'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RETO is a bad performer in the overall market: 99% of all stocks are doing better.
RETO is one of the lesser performing stocks in the Construction Materials industry. 90% of 12 stocks in the same industry do better.
RETO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month RETO has a been trading in the 1.85 - 3.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of RETO 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.
More info and screens
1.99
3.94
When analyzing the resistance we notice one important area.
- Resistance @3.90 from a horizontal line 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 | 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 | 1.28 | NEGATIVE | RETO has a low relative strength, it was outperformed by 98.72% 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) | 25.64 | OVERSOLD | The low RSI value suggests RETO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RETO has a negative trend. |
| Stochastics (14,3) | 6.07 | OVERSOLD | The low Stochastics value suggests RETO may be oversold. |
| Average True Range in percent/ATR (20) | 15.27 | HIGH VOLATILITY | The high ATR as a percentage value for RETO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for RETO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.01
+0.07 (+3.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg3.61%
1 Week-34.1%
2 Weeks-42.49%
1 Month-43.54%
3 Month-45.68%
6 Month-78.1%
12 Month-88.68%
2 Year-99.14%
3 Year-99.71%
5 Year-99.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%15.27%
ATR Inc-19.45%
Range Today0.19
ADR(20)0.28
ADR(20)%13.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.28
Mansfield-7.72
10 Day High3.35
10 Day Low1.85
20 Day High3.7
20 Day Low1.85
52 Week High18.4
52 Week Low1.85
CS1 EndN/A
CR1 Start3.88
Volume & EV
DER(3)4.39%
DER(5)-0.38%
Volume52.20K
Volume Incr198.67%
Vol(5)96.92K
Vol(50)179.21K