REX AMERICAN RESOURCES CORP (REX) Stock Technical Analysis
USA - NYSE:REX - US7616241052 - Common Stock
Taking everything into account, REX scores 9 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, REX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 30.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
16.77
3 important support areas can be observed.
- A support zone ranging from 30.57 to 30.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.08 from a horizontal line in the daily time frame.
- Support @16.94 from a trend 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 | 98.15 | POSITIVE | REX has a high relative strength, it outperformed 98.15% 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) | 57.79 | NEUTRAL | The RSI value for REX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests REX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.81 | NEUTRAL | The Stochastics value for REX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for REX suggests some volalility. |
| Average Directional Index/ADX (14) | 38.92 | 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 |
|---|---|---|---|
| 32.80 | 30.99 | 1.81 (5.52%) | 18.12% |
| An entry @32.80. This is a Buy Stop order right above the 10 day high. | An exit @30.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.81 points, which is 5.52%. | When investing 18.12% 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.
32.04
+0.33 (+1.04%)
REX AMERICAN RESOURCES CORP / REX FAQ
What is the technical rating for REX stock?
ChartMill assigns a technical rating of 9 / 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 57.7866. 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 -0.266369, 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.