RITHM CAPITAL CORP (RITM) Stock Technical Analysis
NYSE:RITM - New York Stock Exchange, Inc. - US64828T2015 - REIT - Currency: USD
Taking everything into account, RITM scores 3 out of 10 in our technical rating. RITM performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, RITM is a bad performer in the overall market: 63% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
RITM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RITM is performing more or less in line with the market.
In the last month RITM has a been trading in the 10.96 - 11.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RITM has an average volume of 5181370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RITM is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 65 other stocks in this industry, RITM did better than 65% of them.
Considerably lower volume is observed in the last couple of days.
RITM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RITM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.65
12.28
We found 2 important support areas.
- A support zone ranging from 10.95 to 11.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.75 to 9.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.50 to 11.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.91 to 11.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.16 to 12.16. This zone is formed by a combination of multiple trend lines 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 RITM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RITM is up. |
| ChartMill Relative Strength | 37.77 | NEUTRAL | RITM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RITM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RITM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RITM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.34 | NEUTRAL | The RSI value for RITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RITM has a negative trend. |
| Stochastics (14,3) | 82.04 | OVERBOUGHT | The high Stochastics value suggests RITM may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for RITM suggests low volalility. |
| Average Directional Index/ADX (14) | 11.17 | NEGATIVE | The low ADX value for RITM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.29
-0.16 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-1.4%
1 Week-0.44%
2 Weeks1.26%
1 Month-2.92%
3 Month-3.09%
6 Month1.53%
12 Month1.26%
2 Year20.75%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%1.63%
ATR Inc-0.01%
Range Today0.16
ADR(20)0.17
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.77
Mansfield-0.33
10 Day High11.47
10 Day Low11
20 Day High11.71
20 Day Low10.96
52 Week High12.2
52 Week Low9.13
CS1 End11.28
CR1 Start11.5
Volume & EV
DER(3)5.49%
DER(5)1.34%
Volume3.26M
Volume Incr-19.48%
Vol(5)3.30M
Vol(50)5.18M