REX AMERICAN RESOURCES CORP (REX) Stock Technical Analysis
USA - NYSE:REX - US7616241052 - Common Stock
Overall REX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, REX has proven to be a steady performer, scoring decent points in every aspect analyzed.
REX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.64, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.07
3 important support areas can be observed.
- A support zone ranging from 31.22 to 31.64. 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 30.08 to 30.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.24 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.24 to 33.73. 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 | 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 | 98.33 | POSITIVE | REX has a high relative strength, it outperformed 98.33% 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) | 61.09 | NEUTRAL | The RSI value for REX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests REX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.7 | 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) | 33.81 | POSITIVE | The high ADX value value for REX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.74 | 30.99 | 2.75 (8.15%) | 12.27% |
| An entry @33.74. This is a Buy Stop order right above the resistance zone. | An exit @30.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.75 points, which is 8.15%. | When investing 12.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.23
+0.55 (+1.68%)
REX AMERICAN RESOURCES CORP / REX FAQ
What is the technical rating for REX stock?
ChartMill assigns a technical rating of 10 / 10 to REX.
Can you provide the trend direction for REX AMERICAN RESOURCES CORP?
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 61.0883. This indicates that the stock is currently neutral.
What is the MACD signal for REX stock?
The MACD indicator for REX AMERICAN RESOURCES CORP (REX) has a value of -0.0718292, indicating a bearish trend.
What is the short term momentum for REX stock?
The short term momentum for REX AMERICAN RESOURCES CORP (REX) is positive.