RALPH LAUREN CORP (RL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RL - US7512121010 - Common Stock
Taking everything into account, RL scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- 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 90% of 45 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 352.38 - 380.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 355.53, a Stop Loss order could be placed below this zone.
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237.98
We found 3 important support areas.
- A support zone ranging from 351.50 to 355.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 306.12 to 309.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @240.38 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 364.20 to 371.71. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 87.44 | POSITIVE | RL has a high relative strength, it outperformed 87.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RL is above 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) | 51.66 | NEUTRAL | The RSI value for RL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests RL has a negative trend. |
| Stochastics (14,3) | 59.11 | NEUTRAL | The Stochastics value for RL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for RL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.26 | 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 | 355.14 | 16.58 (4.46%) | 22.42% |
| An entry @371.72. This is a Buy Stop order right above the resistance zone. | An exit @355.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 16.58 points, which is 4.46%. | For a 1.00% total portfolio risk, you can invest 22.42% of your capital in this trade. |
- 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.
363.05
-6.1 (-1.65%)
RALPH LAUREN CORP / RL FAQ
What is the ChartMill technical rating of RALPH LAUREN CORP (RL) stock?
ChartMill assigns a technical rating of 9 / 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 51.6594. 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 355.53 and a resistance level at 364.2. Check the full technical report for our detailed analysis of RL support and resistance levels.