RL Technical Analysis - RALPH LAUREN CORP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to RL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

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.

When comparing the yearly performance of all stocks, we notice that RL is one of the better performing stocks in the market, outperforming 87% of all stocks.

RL is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 87% of 48 stocks in the same industry.

RL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RL has a been trading in the 299.98 - 330.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RALPH LAUREN CORP / RL Weekly stock chart

RALPH LAUREN CORP / RL Daily stock chart

Setup Rating and Analysis

Although RL has an excellent technical rating, it does not present a decent entry opportunity 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

223.52

332.33

3 important support areas can be observed.

A support zone ranging from 301.32 to 306.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 283.33 to 286.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @225.78 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 314.96 to 321.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @329.04 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for RL is neutral.
ChartMill Relative Strength	87.3	POSITIVE	RL has a high relative strength, it outperformed 87.3% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RL is below a declining 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)	46.87	NEUTRAL	The RSI value for RL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.3	NEGATIVE	The MACD value suggests RL has a negative trend.
Stochastics (14,3)	68.37	NEUTRAL	The Stochastics value for RL is a neutral value.
Average True Range in percent/ATR (20)	2.8	MEDIUM VOLATILITY	The ATR as a percentage value for RL suggests some volalility.
Average Directional Index/ADX (14)	12.25	NEGATIVE	The low ADX value for RL suggests a weak or negative trend.