REX AMERICAN RESOURCES CORP (REX) Technical Analysis
NYSE:REX • US7616241052
Current stock price
REX Technical Rating and Analysis
Taking everything into account, REX scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, REX did better than 98% of all other 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.
- A new 52 week high is currently being made by REX, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so REX is leading the market.
- In the last month REX has a been trading in the 32.27 - 40.67 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.
REX Weekly and Daily overview Charts
REX Setup Rating and Analysis
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
REX Support and Resistance Analysis
31.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.07 to 36.09. 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 32.93 to 33.40. 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.
REX Technical Indicator Signal Analysis
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 | 98.75 | POSITIVE | REX has a high relative strength, it outperformed 98.75% 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) | 78.75 | OVERBOUGHT | The high RSI value suggests REX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests REX has a positive trend. |
| Stochastics (14,3) | 93.71 | OVERBOUGHT | The high Stochastics value suggests REX may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for REX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.89 | NEUTRAL | The ADX value for REX suggests a possible start of a new trend. |
REX Chart- and CandleStick Pattern Analysis
REX Technicals: Chart, Performance Metrics, Trend & Indicators
40.33
+0.78 (+1.97%)
REX AMERICAN RESOURCES CORP / REX TA 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 78.7528. 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 36.09. Check the full technical report for our detailed analysis of REX support and resistance levels.