RH (RH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RH - US74967X1037 - Common Stock
Taking everything into account, RH scores 1 out of 10 in our technical rating. RH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, RH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 161.07. Right above this resistance zone may be a good entry point.
More info and screens
159.45
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 161.07 to 162.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 170.62 to 175.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @249.35 from a horizontal line in the daily time frame.
- Resistance @257.84 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for RH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RH is neutral. |
| ChartMill Relative Strength | 5.12 | NEGATIVE | RH has a low relative strength, it was outperformed by 94.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.07 | NEUTRAL | The RSI value for RH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.62 | POSITIVE | The MACD value suggests RH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.32 | OVERBOUGHT | The high Stochastics value suggests RH may be overbought. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for RH suggests high volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for RH suggests a weak or negative trend. |
161.06
+1.12 (+0.7%)
RH / RH FAQ
Can you provide the ChartMill technical rating for RH?
ChartMill assigns a technical rating of 1 / 10 to RH.
What is the trend direction for RH stock?
The current trend direction for RH (RH) is Bearish.
What is the RSI signal for RH stock?
RH (RH) has an RSI value of 49.0712. This indicates that the stock is currently neutral.
What is the support and resistance level for RH stock?
RH (RH) has a resistance level at 161.07. Check the full technical report for our detailed analysis of RH support and resistance levels.