RETO ECO-SOLUTIONS INC-A (RETO) Technical Analysis
NASDAQ:RETO • VGG752711330
We assign a technical rating of 1 out of 10 to RETO. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, RETO is a bad performer in the overall market: 100% 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. The S&P500 Index is trading in the upper part of its 52 week range, so RETO is lagging the market.
- In the last month RETO has a been trading in the 0.55 - 1.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- 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
0.89
We found 1 important resistance area.
- A resistance zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for RETO is neutral. |
| ChartMill Relative Strength | 0.63 | NEGATIVE | RETO has a low relative strength, it was outperformed by 99.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RETO is above the rising 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) | 45.43 | NEUTRAL | The RSI value for RETO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RETO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.24 | NEUTRAL | The Stochastics value for RETO is a neutral value. |
| Average True Range in percent/ATR (20) | 15.93 | HIGH VOLATILITY | The high ATR as a percentage value for RETO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.29 | NEUTRAL | The ADX value for RETO suggests a possible start of a new trend. |
RETO Technicals: Chart, Performance Metrics, Trend & Indicators
0.9036
-0.25 (-21.43%)
RETO ECO-SOLUTIONS INC-A / RETO 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.
What is the RSI signal for RETO ECO-SOLUTIONS INC-A (RETO) stock?
RETO ECO-SOLUTIONS INC-A (RETO) has an RSI value of 45.4255. 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 neutral.
What is the support and resistance level for RETO stock?
RETO ECO-SOLUTIONS INC-A (RETO) has a resistance level at 0.91. Check the full technical report for our detailed analysis of RETO support and resistance levels.