RITHM CAPITAL CORP (RITM) Technical Analysis
NYSE:RITM • US64828T2015
We assign a technical rating of 0 out of 10 to RITM. RITM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than RITM.
- RITM is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 73% of 68 stocks in the same industry do better.
- RITM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RITM has a been trading in the 9.65 - 10.87 range, which is quite wide. It is currently trading near the lows of this range.
- RITM has an average volume of 9398490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RITM has a poor technical rating and the quality of the setup is also only medium 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
9.68
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.95 to 11.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.53 from a trend line in the weekly time frame.
- Resistance @11.91 from a trend line in the daily time frame.
- Resistance @12.37 from a horizontal line in the daily time frame.
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 RITM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RITM is down. |
| ChartMill Relative Strength | 17.99 | NEGATIVE | RITM has a low relative strength, it was outperformed by 82.01% off all stocks 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 | NEGATIVE | The current price of RITM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RITM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.76 | OVERSOLD | The low RSI value suggests RITM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RITM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.89 | OVERSOLD | The low Stochastics value suggests RITM may be oversold. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for RITM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.73 | POSITIVE | The high ADX value value for RITM suggests a strong trend. |
RITM Technicals: Chart, Performance Metrics, Trend & Indicators
9.78
+0.02 (+0.2%)
RITHM CAPITAL CORP / RITM FAQ
What is the ChartMill technical rating of RITHM CAPITAL CORP (RITM) stock?
ChartMill assigns a technical rating of 0 / 10 to RITM.
What is the trend direction for RITM stock?
The current trend direction for RITHM CAPITAL CORP (RITM) is Bearish.
What is the RSI signal for RITM stock?
RITHM CAPITAL CORP (RITM) has an RSI value of 29.7594. This indicates that the stock is currently oversold.
What is the MACD signal for RITM stock?
The MACD indicator for RITHM CAPITAL CORP (RITM) has a value of -0.0445429, indicating a bearish trend.
What is the buy/sell signal for RITHM CAPITAL CORP (RITM) stock?
The buy/sell signal for RITHM CAPITAL CORP (RITM) is sell as both the short term and long term trends are negative.