RETO ECO-SOLUTIONS INC-A (RETO) Stock Technical Analysis
NASDAQ:RETO • VGG752711330
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.
- 100% of all other stocks performed better in the past year than RETO.
- RETO is part of the Construction Materials industry. There are 13 other stocks in this industry, of which 100% are performing better than RETO.
- 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 0.55 - 1.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher 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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.89
We found 1 important resistance area.
- A resistance zone ranging from 0.99 to 0.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 0.85 | NEGATIVE | RETO has a low relative strength, it was outperformed by 99.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RETO is above 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) | 45.71 | NEUTRAL | The RSI value for RETO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RETO has a positive trend. |
| Stochastics (14,3) | 55.18 | NEUTRAL | The Stochastics value for RETO is a neutral value. |
| Average True Range in percent/ATR (20) | 14.28 | HIGH VOLATILITY | The high ATR as a percentage value for RETO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.61 | NEUTRAL | The ADX value for RETO suggests a possible start of a new trend. |
0.9
+0.14 (+18.48%)
RETO ECO-SOLUTIONS INC-A / RETO FAQ
What is the technical rating for RETO stock?
ChartMill assigns a technical rating of 0 / 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.
What is the RSI signal for RETO ECO-SOLUTIONS INC-A (RETO) stock?
RETO ECO-SOLUTIONS INC-A (RETO) has an RSI value of 45.7147. This indicates that the stock is currently neutral.
What is the short term momentum for RETO ECO-SOLUTIONS INC-A (RETO) stock?
The short term momentum for RETO ECO-SOLUTIONS INC-A (RETO) is negative.
What is the support and resistance level for RETO stock?
RETO ECO-SOLUTIONS INC-A (RETO) has a resistance level at 0.99. Check the full technical report for our detailed analysis of RETO support and resistance levels.