REX AMERICAN RESOURCES CORP (REX) Technical Analysis
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 98% of 207 stocks in the same industry.
- REX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so REX is leading the market.
- In the last month REX has a been trading in the 32.27 - 40.36 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
31.39
3 important support areas can be observed.
- A support zone ranging from 35.72 to 35.91. 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 32.91 to 33.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.71 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 | 98.67 | POSITIVE | REX has a high relative strength, it outperformed 98.67% 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) | 76.28 | OVERBOUGHT | The high RSI value suggests REX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests REX has a positive trend. |
| Stochastics (14,3) | 91.62 | OVERBOUGHT | The high Stochastics value suggests REX may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for REX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for REX suggests a possible start of a new trend. |
REX Technicals: Chart, Performance Metrics, Trend & Indicators
39.55
-0.11 (-0.28%)
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 76.2803. This indicates that the stock is currently overbought.
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 35.91. Check the full technical report for our detailed analysis of REX support and resistance levels.