(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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 66% of all other stocks performed better in the past year than RIT-C.
- Warning: RIT-C has an average volume of 29896 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- RIT-C 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 RIT-C is lagging the market slightly.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- In the last month RIT-C has a been trading in a tight range between 24.38 and 25.10.
- Volume is considerably higher in the last couple of days.
The technical rating of RIT-C is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.05
We found 2 important support areas.
- A support zone ranging from 23.75 to 24.49. 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 24.70 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 | NEUTRAL | NEUTRAL | The long term trend for RIT-C is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIT-C is down. |
| ChartMill Relative Strength | 34.37 | 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) | UP | MIXED | The current price of RIT-C is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.82 | NEUTRAL | The RSI value for RIT-C is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RIT-C has a negative trend. |
| Stochastics (14,3) | 17.84 | OVERSOLD | The low Stochastics value suggests RIT-C may be oversold. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for RIT-C suggests low volalility. |
| Average Directional Index/ADX (14) | 29.54 | 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.
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 35.8218. 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 -0.0659746, indicating a bearish trend.