RESOLUTE HOLDINGS MANAG (RHLD) Stock Technical Analysis
NASDAQ:RHLD - Nasdaq - US76134H1014 - Common Stock - Currency: USD
Overall RHLD gets a technical rating of 6 out of 10. RHLD has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
RHLD has only a medium technical rating, but it does show a decent setup pattern. 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 44.19. Right above this resistance zone may be a good entry point.
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32.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.06 to 35.09. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @32.44 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.19 to 44.24. This zone is formed by a combination of multiple trend lines 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 RHLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RHLD is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | RHLD has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RHLD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RHLD is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 51.25 | NEUTRAL | The RSI value for RHLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests RHLD has a negative trend. |
| Stochastics (14,3) | 60.4 | NEUTRAL | The Stochastics value for RHLD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.81 | HIGH VOLATILITY | The high ATR as a percentage value for RHLD suggests high volalility. |
| Average Directional Index/ADX (14) | 28.6 | POSITIVE | The high ADX value value for RHLD suggests a strong trend. |
39.24
-2.75 (-6.55%)