REITAR LOGTECH HOLDINGS LTD (RITR) Stock Technical Analysis
USA - NASDAQ:RITR - KYG7486B1068 - Common Stock
We assign a technical rating of 0 out of 10 to RITR. RITR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of RITR 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.
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1.62
When analyzing the support we notice one important area.
- A support zone ranging from 1.64 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.78 to 1.78. 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 | DOWN | NEGATIVE | The long term trend for RITR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RITR is down. |
| ChartMill Relative Strength | 1.16 | NEGATIVE | RITR has a low relative strength, it was outperformed by 98.84% 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) | DOWN | NEGATIVE | The current price of RITR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RITR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.44 | OVERSOLD | The low RSI value suggests RITR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RITR has a positive trend. |
| Stochastics (14,3) | 25.57 | NEUTRAL | The Stochastics value for RITR is a neutral value. |
| Average True Range in percent/ATR (20) | 32.67 | HIGH VOLATILITY | The high ATR as a percentage value for RITR suggests high volalility. |
| Average Directional Index/ADX (14) | 44.93 | POSITIVE | The high ADX value value for RITR suggests a strong trend. |
1.77
+0.03 (+1.72%)
REITAR LOGTECH HOLDINGS LTD / RITR FAQ
Can you provide the ChartMill technical rating for REITAR LOGTECH HOLDINGS LTD?
ChartMill assigns a technical rating of 0 / 10 to RITR.
What is the trend direction for RITR stock?
The current trend direction for REITAR LOGTECH HOLDINGS LTD (RITR) is Bearish.
What is the RSI signal for RITR stock?
REITAR LOGTECH HOLDINGS LTD (RITR) has an RSI value of 27.4422. This indicates that the stock is currently oversold.
What is the short term momentum for RITR stock?
The short term momentum for REITAR LOGTECH HOLDINGS LTD (RITR) is negative.
Can you provide the buy/sell signal for REITAR LOGTECH HOLDINGS LTD?
The buy/sell signal for REITAR LOGTECH HOLDINGS LTD (RITR) is sell as both the short term and long term trends are negative.