REZI Technical Analysis - RESIDEO TECHNOLOGIES INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to REZI. Both in the recent history as in the last year, REZI 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, REZI did better than 95% of all other stocks. On top of that, REZI also shows a nice and consistent pattern of rising prices.

REZI is one of the better performing stocks in the Building Products industry, it outperforms 100% of 41 stocks in the same industry.

REZI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

REZI has an average volume of 1957620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month REZI has a been trading in the 38.13 - 43.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

RESIDEO TECHNOLOGIES INC / REZI Weekly stock chart

RESIDEO TECHNOLOGIES INC / REZI Daily stock chart

Setup Rating and Analysis

Although REZI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

31.37

43.62

We found 2 important support areas.

A support zone ranging from 40.13 to 40.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @31.69 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 43.12 to 43.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 REZI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for REZI is up.
ChartMill Relative Strength	95.24	POSITIVE	REZI has a high relative strength, it outperformed 95.24% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of REZI is below the rising 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)	51.75	NEUTRAL	The RSI value for REZI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.51	NEGATIVE	The MACD value suggests REZI has a negative trend.
Stochastics (14,3)	42.55	NEUTRAL	The Stochastics value for REZI is a neutral value.
Average True Range in percent/ATR (20)	3.31	MEDIUM VOLATILITY	The ATR as a percentage value for REZI suggests some volalility.
Average Directional Index/ADX (14)	53.57	POSITIVE	The high ADX value value for REZI suggests a strong trend.