Taking everything into account, RITR scores 1 out of 10 in our technical rating. RITR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
RITR has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.06
We found 2 important support areas.
- Support @1.10 from a trend line in the daily time frame.
- A support zone ranging from 1.07 to 1.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 RITR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RITR is down. |
| ChartMill Relative Strength | 5.21 | NEGATIVE | RITR has a low relative strength, it was outperformed by 94.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RITR is below the rising 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) | 44.96 | NEUTRAL | The RSI value for RITR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RITR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.01 | NEUTRAL | The Stochastics value for RITR is a neutral value. |
| Average True Range in percent/ATR (20) | 14.93 | HIGH VOLATILITY | The high ATR as a percentage value for RITR suggests high volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for RITR suggests a strong trend. |
1.17
-0.02 (-1.68%)
REITAR LOGTECH HOLDINGS LTD / RITR FAQ
Can you provide the ChartMill technical rating for REITAR LOGTECH HOLDINGS LTD?
ChartMill assigns a technical rating of 1 / 10 to RITR.
Can you provide the trend direction for REITAR LOGTECH HOLDINGS LTD?
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 44.9595. This indicates that the stock is currently neutral.
Can you provide the MACD signal for REITAR LOGTECH HOLDINGS LTD?
The MACD indicator for REITAR LOGTECH HOLDINGS LTD (RITR) has a value of 0.00736135, indicating a bearish trend.
What is the support and resistance level for RITR stock?
REITAR LOGTECH HOLDINGS LTD (RITR) has a support level at 1.1 and a resistance level at 1.23. Check the full technical report for our detailed analysis of RITR support and resistance levels.