RALPH LAUREN CORP (RL) Stock Technical Analysis
NYSE:RL • US7512121010
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 may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that RL is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, RL also shows a nice and consistent pattern of rising prices.
- RL is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 77% of 45 stocks in the same industry.
- RL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RL is lagging the market slightly.
- In the last month RL has a been trading in the 320.00 - 389.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
245.20
When analyzing the support we can see 3 important areas.
- Support @348.45 from a trend line in the daily time frame.
- A support zone ranging from 337.18 to 342.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @247.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 356.10 to 363.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 385.04 to 385.04. 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 | NEUTRAL | NEUTRAL | The short term trend for RL is neutral. |
| ChartMill Relative Strength | 81.13 | POSITIVE | RL has a high relative strength, it outperformed 81.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RL is below a declining 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) | 43.77 | NEUTRAL | The RSI value for RL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests RL has a negative trend. |
| Stochastics (14,3) | 48.81 | NEUTRAL | The Stochastics value for RL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for RL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for RL suggests a weak or negative trend. |
354.13
-8.47 (-2.34%)
RALPH LAUREN CORP / RL FAQ
What is the ChartMill technical rating of RALPH LAUREN CORP (RL) stock?
ChartMill assigns a technical rating of 8 / 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 43.769. 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 neutral.
What are the support and resistance levels for RALPH LAUREN CORP (RL) stock?
RALPH LAUREN CORP (RL) has a support level at 348.45 and a resistance level at 356.1. Check the full technical report for our detailed analysis of RL support and resistance levels.