RALPH LAUREN CORP (RL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RL - US7512121010 - Common Stock
Taking everything into account, RL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, RL also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 370.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 363.80, a Stop Loss order could be placed below this zone.
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236.95
3 important support areas can be observed.
- A support zone ranging from 348.69 to 363.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @306.12 from a horizontal line in the daily time frame.
- Support @239.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 370.23 to 371.71. 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 | UP | POSITIVE | The long term trend for RL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RL is up. |
| ChartMill Relative Strength | 89.51 | POSITIVE | RL has a high relative strength, it outperformed 89.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.04 | NEUTRAL | The RSI value for RL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests RL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.17 | NEUTRAL | The Stochastics value for RL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for RL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for RL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 371.72 | 352.37 | 19.35 (5.21%) | 19.21% |
| An entry @371.72. This is a Buy Stop order right above the resistance zone. | An exit @352.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 19.35 points, which is 5.21%. | When investing 19.21% 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.
369.81
+4.74 (+1.3%)
RALPH LAUREN CORP / RL FAQ
What is the ChartMill technical rating of RALPH LAUREN CORP (RL) stock?
ChartMill assigns a technical rating of 10 / 10 to RL.
What is the current trend direction of RALPH LAUREN CORP (RL) stock?
The current trend direction for RALPH LAUREN CORP (RL) is Bullish.
What is the RSI signal for RALPH LAUREN CORP (RL) stock?
RALPH LAUREN CORP (RL) has an RSI value of 59.0369. This indicates that the stock is currently neutral.
What is the short term momentum for RALPH LAUREN CORP (RL) stock?
The short term momentum for RALPH LAUREN CORP (RL) is positive.
What are the support and resistance levels for RALPH LAUREN CORP (RL) stock?
RALPH LAUREN CORP (RL) has a support level at 363.8 and a resistance level at 370.23. Check the full technical report for our detailed analysis of RL support and resistance levels.