REITAR LOGTECH HOLDINGS LTD (RITR) Stock Technical Analysis
NASDAQ:RITR - KYG7486B1068 - Common Stock
4.61 USD
-0.18 (-3.76%)
4.6 USD
-0.01 (-0.22%)
Overall RITR gets a technical rating of 6 out of 10. Although RITR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month RITR has a been trading in the 3.60 - 5.02 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, RITR did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
RITR is an average performer in the Real Estate Management & Development industry, it outperforms 60% of 65 stocks in the same industry.
RITR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RITR is lagging the market.
RITR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.64. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.38
4.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.77 to 3.81. 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 2 important areas.
- A resistance zone ranging from 4.64 to 4.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @4.80 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 | UP | POSITIVE | The long term trend for RITR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RITR is up. |
| ChartMill Relative Strength | 72.14 | POSITIVE | RITR has a high relative strength, it outperformed 72.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RITR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RITR is above a declining 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) | 54.89 | NEUTRAL | The RSI value for RITR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RITR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.33 | OVERBOUGHT | The high Stochastics value suggests RITR may be overbought. |
| Average True Range in percent/ATR (20) | 8.1 | HIGH VOLATILITY | The high ATR as a percentage value for RITR suggests high volalility. |
| Average Directional Index/ADX (14) | 36.98 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.68 | 3.93 | 0.75 (16.03%) | 6.24% |
| An entry @4.68. This is a Buy Stop order right above the resistance zone. | An exit @3.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.75 points, which is 16.03%. | When investing 6.24% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.61
-0.18 (-3.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-3.76%
1 Week-1.07%
2 Weeks7.46%
1 Month12.44%
3 Month37.2%
6 Month55.22%
12 Month-11.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%8.1%
ATR Inc35.26%
Range Today0.44
ADR(20)0.37
ADR(20)%7.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.14
Mansfield0.06
10 Day High5.02
10 Day Low3.94
20 Day High5.02
20 Day Low3.6
52 Week High8.75
52 Week Low2.24
CS1 End3.81
CR1 Start4.64
Volume & EV
DER(3)-4.55%
DER(5)-7.17%
Volume762.80K
Volume Incr566.96%
Vol(5)577.32K
Vol(50)508.81K