RESIDEO TECHNOLOGIES INC (REZI) Stock Technical Analysis
USA - NYSE:REZI - US76118Y1047 - Common Stock
Overall REZI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, REZI is showing a nice and steady performance.
REZI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 40.13, a Stop Loss order could be placed below this zone.
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33.44
We found 2 important support areas.
- A support zone ranging from 39.91 to 40.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.78 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 44.51 to 44.51. 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 REZI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REZI is up. |
| ChartMill Relative Strength | 95.46 | POSITIVE | REZI has a high relative strength, it outperformed 95.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of REZI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REZI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REZI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.49 | NEUTRAL | The RSI value for REZI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests REZI has a negative trend. |
| Stochastics (14,3) | 67.06 | NEUTRAL | The Stochastics value for REZI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for REZI suggests some volalility. |
| Average Directional Index/ADX (14) | 36.03 | POSITIVE | The high ADX value value for REZI 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 |
|---|---|---|---|
| 44.52 | 40.73 | 3.79 (8.51%) | 11.75% |
| An entry @44.52. This is a Buy Stop order right above the resistance zone. | An exit @40.73. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.79 points, which is 8.51%. | For a 1.00% total portfolio risk, you can invest 11.75% of your capital in this trade. |
- 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.
42.8
-0.73 (-1.68%)
RESIDEO TECHNOLOGIES INC / REZI FAQ
Can you provide the ChartMill technical rating for RESIDEO TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to REZI.
What is the current trend direction of RESIDEO TECHNOLOGIES INC (REZI) stock?
The current trend direction for RESIDEO TECHNOLOGIES INC (REZI) is Bullish.
What is the RSI signal for REZI stock?
RESIDEO TECHNOLOGIES INC (REZI) has an RSI value of 55.4882. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RESIDEO TECHNOLOGIES INC?
The MACD indicator for RESIDEO TECHNOLOGIES INC (REZI) has a value of -0.106148, indicating a bearish trend.
What are the support and resistance levels for RESIDEO TECHNOLOGIES INC (REZI) stock?
RESIDEO TECHNOLOGIES INC (REZI) has a support level at 40.13 and a resistance level at 44.51. Check the full technical report for our detailed analysis of REZI support and resistance levels.