(RIT-C) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RIT-C -
Taking everything into account, RIT-C scores 0 out of 10 in our technical rating. RIT-C'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.
RIT-C has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 24.36, a Stop Loss order could be placed below this zone.
More info and screens
23.05
2 important support areas can be observed.
- A support zone ranging from 23.75 to 24.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.28 to 23.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.51 to 25.29. 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 | DOWN | NEGATIVE | The long term trend for RIT-C is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIT-C is down. |
| ChartMill Relative Strength | 37.08 | NEUTRAL | RIT-C is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RIT-C is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RIT-C is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RIT-C is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.28 | NEUTRAL | The RSI value for RIT-C is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RIT-C has a negative trend. |
| Stochastics (14,3) | 10.6 | OVERSOLD | The low Stochastics value suggests RIT-C may be oversold. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for RIT-C suggests low volalility. |
| Average Directional Index/ADX (14) | 31.2 | POSITIVE | The high ADX value value for RIT-C suggests a strong trend. |
/ RIT-C FAQ
Can you provide the ChartMill technical rating for ?
ChartMill assigns a technical rating of 0 / 10 to RIT-C.
What is the trend direction for RIT-C stock?
The current trend direction for (RIT-C) is Bearish.
What is the RSI signal for RIT-C stock?
(RIT-C) has an RSI value of 40.2768. This indicates that the stock is currently neutral.
What is the MACD signal for RIT-C stock?
The MACD indicator for (RIT-C) has a value of -0.0091049, indicating a bearish trend.
Can you provide the support and resistance levels for ?
(RIT-C) has a support level at 24.36 and a resistance level at 24.51. Check the full technical report for our detailed analysis of RIT-C support and resistance levels.