REITAR LOGTECH HOLDINGS LTD (RITR) Stock Technical Analysis
NASDAQ:RITR - Nasdaq - KYG7486B1068 - Common Stock - Currency: USD
Overall RITR gets a technical rating of 4 out of 10. In the last year, RITR was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
100% of all other stocks performed better in the past year than RITR.
RITR is part of the Real Estate Management & Development industry. There are 64 other stocks in this industry, of which 95% are performing better than RITR.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month RITR has a been trading in the 3.31 - 5.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
RITR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
3.38
6.23
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.19 to 4.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.81 to 3.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.62 to 3.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @4.53 from a horizontal line in the daily time frame.
- Resistance @4.89 from a trend line in the weekly time frame.
- Resistance @6.17 from a trend 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 | UP | POSITIVE | The long term trend for RITR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RITR is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | RITR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RITR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RITR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RITR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.45 | NEUTRAL | The RSI value for RITR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RITR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.67 | NEUTRAL | The Stochastics value for RITR is a neutral value. |
| Average True Range in percent/ATR (20) | 13.76 | HIGH VOLATILITY | The high ATR as a percentage value for RITR suggests high volalility. |
| Average Directional Index/ADX (14) | 48.03 | POSITIVE | The high ADX value value for RITR suggests a strong 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)
4.23
+0.24 (+6.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg6.02%
1 Week-6.42%
2 Weeks2.17%
1 Month-12.24%
3 Month10.16%
6 Month28.18%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%13.76%
ATR Inc-45.49%
Range Today0.53
ADR(20)0.58
ADR(20)%13.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High4.6
10 Day Low3.9
20 Day High5.98
20 Day Low3.31
52 Week HighN/A
52 Week LowN/A
CS1 End4.2
CR1 Start4.53
Volume & EV
DER(3)2.11%
DER(5)0.78%
Volume91.70K
Volume Incr-85.34%
Vol(5)62.32K
Vol(50)697.96K