REX AMERICAN RESOURCES CORP (REX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:REX • US7616241052
We assign a technical rating of 10 out of 10 to REX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, REX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that REX is one of the better performing stocks in the market, outperforming 98% of all stocks.
- REX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 99% of 206 stocks in the same industry.
- REX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month REX has a been trading in the 32.01 - 36.18 range, which is quite wide. It is currently trading near the high of this range.
Although REX has an excellent technical rating, it does not present a decent entry opportunity 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
30.66
4 important support areas can be observed.
- Support @35.07 from a trend line in the daily time frame.
- A support zone ranging from 33.55 to 34.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.71 to 32.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.97 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 | UP | POSITIVE | The long term trend for REX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REX is up. |
| ChartMill Relative Strength | 98.2 | POSITIVE | REX has a high relative strength, it outperformed 98.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.8 | NEUTRAL | The RSI value for REX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests REX has a positive trend. |
| Stochastics (14,3) | 73.66 | NEUTRAL | The Stochastics value for REX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for REX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for REX suggests a weak or negative trend. |
35.54
+0.95 (+2.75%)
REX AMERICAN RESOURCES CORP / REX FAQ
What is the technical rating for REX stock?
ChartMill assigns a technical rating of 10 / 10 to REX.
What is the current trend direction of REX AMERICAN RESOURCES CORP (REX) stock?
The current trend direction for REX AMERICAN RESOURCES CORP (REX) is Bullish.
What is the RSI signal for REX AMERICAN RESOURCES CORP (REX) stock?
REX AMERICAN RESOURCES CORP (REX) has an RSI value of 64.8012. This indicates that the stock is currently neutral.
Can you provide the short term momentum for REX AMERICAN RESOURCES CORP?
The short term momentum for REX AMERICAN RESOURCES CORP (REX) is positive.
Can you provide the support and resistance levels for REX AMERICAN RESOURCES CORP?
REX AMERICAN RESOURCES CORP (REX) has a support level at 35.07. Check the full technical report for our detailed analysis of REX support and resistance levels.