RETO ECO-SOLUTIONS INC-A (RETO) Stock Technical Analysis
USA - NASDAQ:RETO - VGG752713070 - Common Stock
1.07 USD
+0.01 (+0.94%)
1.05 USD
-0.02 (-1.87%)
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than RETO.
RETO is one of the lesser performing stocks in the Construction Materials industry. 83% of 13 stocks in the same industry do better.
RETO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RETO has a been trading in the 1.00 - 1.39 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
1.06
1.52
3 important resistance areas can be observed.
- A resistance zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.30 from a trend line in the daily time frame.
- Resistance @1.50 from a trend 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 | 0.77 | NEGATIVE | RETO has a low relative strength, it was outperformed by 99.23% 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) | 26.89 | OVERSOLD | The low RSI value suggests RETO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RETO has a positive trend. |
| Stochastics (14,3) | 27.94 | NEUTRAL | The Stochastics value for RETO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.18 | HIGH VOLATILITY | The high ATR as a percentage value for RETO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.02 | 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)
1.07
+0.01 (+0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg0.94%
1 Week-10.08%
2 Weeks-6.96%
1 Month-18.56%
3 Month-57.2%
6 Month-67.28%
12 Month-91.01%
2 Year-98.51%
3 Year-99.81%
5 Year-99.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%7.18%
ATR Inc4.3%
Range Today0.08
ADR(20)0.08
ADR(20)%7.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.77
Mansfield-8.06
10 Day High1.23
10 Day Low1
20 Day High1.39
20 Day Low1
52 Week High12.3
52 Week Low1
CS1 EndN/A
CR1 Start1.18
Volume & EV
DER(3)-3.36%
DER(5)-6.74%
Volume47.10K
Volume Incr-68.97%
Vol(5)74.90K
Vol(50)118.50K