(RIT-C) Technical Analysis
NYSE:RIT-C
Overall RIT-C gets a technical rating of 1 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 67% of all other stocks performed better in the past year than RIT-C.
- RIT-C is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RIT-C is lagging the market slightly.
- In the last month RIT-C has a been trading in a tight range between 24.17 and 24.72.
- Considerably lower volume is observed in the last couple of days.
RIT-C has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.19 to 24.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.75 from a horizontal line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.53 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 | 33.09 | NEUTRAL | RIT-C is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RIT-C is below the rising 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) | 44.73 | NEUTRAL | The RSI value for RIT-C is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RIT-C has a positive trend. |
| Stochastics (14,3) | 65.45 | NEUTRAL | The Stochastics value for RIT-C is a neutral value. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for RIT-C suggests low volalility. |
| Average Directional Index/ADX (14) | 32.65 | POSITIVE | The high ADX value value for RIT-C suggests a strong trend. |
RIT-C Technicals: Chart, Performance Metrics, Trend & Indicators
/ RIT-C FAQ
Can you provide the ChartMill technical rating for ?
ChartMill assigns a technical rating of 1 / 10 to RIT-C.
Can you provide the trend direction for ?
The current trend direction for (RIT-C) is Bearish.
Can you provide the RSI signal for ?
(RIT-C) has an RSI value of 44.7307. 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 0.00434527, indicating a bearish trend.
Can you provide the buy/sell signal for ?
The buy/sell signal for (RIT-C) is sell as both the short term and long term trends are negative.