RETO ECO-SOLUTIONS INC-A (RETO) Technical Analysis
NASDAQ:RETO • VGG752711330
Current stock price
RETO Technical Rating and Analysis
Overall RETO gets a technical rating of 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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. 91% 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 0.48 - 1.57 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- RETO has an average volume of 1586770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RETO Weekly and Daily overview Charts
RETO Setup Rating and Analysis
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
RETO Support and Resistance Analysis
0.63
When analyzing the support we notice one important area.
- Support @0.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.30 from a trend line in the daily time frame.
RETO 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 | 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 | 1.89 | NEGATIVE | RETO has a low relative strength, it was outperformed by 98.11% 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) | 42.75 | NEUTRAL | The RSI value for RETO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RETO has a negative trend. |
| Stochastics (14,3) | 25.28 | NEUTRAL | The Stochastics value for RETO is a neutral value. |
| Average True Range in percent/ATR (20) | 34.15 | HIGH VOLATILITY | The high ATR as a percentage value for RETO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.36 | NEUTRAL | The ADX value for RETO suggests a possible start of a new trend. |
RETO Chart- and CandleStick Pattern Analysis
RETO Technicals: Chart, Performance Metrics, Trend & Indicators
0.6788
-0.01 (-1.34%)
RETO ECO-SOLUTIONS INC-A / RETO TA FAQ
What is the technical rating for RETO stock?
ChartMill assigns a technical rating of 1 / 10 to RETO.
What is the current trend direction of RETO ECO-SOLUTIONS INC-A (RETO) stock?
The current trend direction for RETO ECO-SOLUTIONS INC-A (RETO) is Bearish.
Can you provide the RSI signal for RETO ECO-SOLUTIONS INC-A?
RETO ECO-SOLUTIONS INC-A (RETO) has an RSI value of 42.7496. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RETO ECO-SOLUTIONS INC-A?
The MACD indicator for RETO ECO-SOLUTIONS INC-A (RETO) has a value of -0.0117744, indicating a bearish trend.
What is the buy/sell signal for RETO stock?
The buy/sell signal for RETO ECO-SOLUTIONS INC-A (RETO) is sell as both the short term and long term trends are negative.