RESOLUTE HOLDINGS MANAG (RHLD) Stock Technical Analysis
NYSE:RHLD • US76134H1014
We assign a technical rating of 3 out of 10 to RHLD. In the last year, RHLD was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- When comparing the yearly performance of all stocks, RHLD is a bad performer in the overall market: 100% of all stocks are doing better.
- RHLD is one of the lesser performing stocks in the Professional Services industry. 87% of 88 stocks in the same industry do better.
- RHLD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- RHLD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RHLD is lagging the market slightly.
Although the technical rating is bad, RHLD 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 190.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 188.11, a Stop Loss order could be placed below this zone.
More info and screens
114.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 182.82 to 188.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @179.58 from a horizontal line in the daily time frame.
- Support @115.21 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 190.05 to 191.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 RHLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RHLD is neutral. |
| 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) | DOWN | NEGATIVE | The current price of RHLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RHLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RHLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.25 | NEUTRAL | The RSI value for RHLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests RHLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.59 | NEUTRAL | The Stochastics value for RHLD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for RHLD suggests high volalility. |
| Average Directional Index/ADX (14) | 12.2 | NEGATIVE | The low ADX value for RHLD suggests a weak or negative trend. |
188.38
-2.46 (-1.29%)
RESOLUTE HOLDINGS MANAG / RHLD FAQ
What is the ChartMill technical rating of RESOLUTE HOLDINGS MANAG (RHLD) stock?
ChartMill assigns a technical rating of 3 / 10 to RHLD.
What is the trend direction for RHLD stock?
The current trend direction for RESOLUTE HOLDINGS MANAG (RHLD) is Bullish.
What is the RSI signal for RHLD stock?
RESOLUTE HOLDINGS MANAG (RHLD) has an RSI value of 47.2513. This indicates that the stock is currently neutral.
What is the support and resistance level for RHLD stock?
RESOLUTE HOLDINGS MANAG (RHLD) has a support level at 188.11 and a resistance level at 190.05. Check the full technical report for our detailed analysis of RHLD support and resistance levels.