RFG Technical Analysis - RACING FORCE SPA

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to RFG. RFG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

Warning: RFG has an average volume of 10981 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

RFG is part of the Leisure Products industry. There are 16 other stocks in this industry. RFG outperforms 80% of them.

In the last month RFG has a been trading in the 4.47 - 4.94 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that RFG is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

RFG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RFG is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RACING FORCE SPA / RFG Weekly stock chart

RACING FORCE SPA / RFG Daily stock chart

Setup Rating and Analysis

Although RFG has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.10

6.15

When analyzing the support we can see 2 important areas.

A support zone ranging from 4.53 to 4.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.14 from a trend line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 4.89 to 4.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @5.66 from a trend line in the weekly time frame.
Resistance @6.09 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 RFG.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RFG.MI is up.
ChartMill Relative Strength	71.91	POSITIVE	RFG.MI has a high relative strength, it outperformed 71.91% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RFG.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RFG.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	65.66	NEUTRAL	The RSI value for RFG.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests RFG.MI has a positive trend.
Stochastics (14,3)	91.3	OVERBOUGHT	The high Stochastics value suggests RFG.MI may be overbought.
Average True Range in percent/ATR (20)	2.28	MEDIUM VOLATILITY	The ATR as a percentage value for RFG.MI suggests some volalility.
Average Directional Index/ADX (14)	25.23	POSITIVE	The high ADX value value for RFG.MI suggests a strong trend.