RALPH LAUREN CORP (RL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RL • US7512121010
Taking everything into account, RL scores 4 out of 10 in our technical rating. In the last year, RL was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- When comparing the yearly performance of all stocks, we notice that RL is one of the better performing stocks in the market, outperforming 75% 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- In the last month RL has a been trading in the 320.00 - 377.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
RL has an average technical rating and also the quality of the setup is only medium 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
241.07
We found 2 important support areas.
- A support zone ranging from 338.65 to 342.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @243.51 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 | NEUTRAL | NEUTRAL | The long term trend for RL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RL is down. |
| ChartMill Relative Strength | 75.12 | POSITIVE | RL has a high relative strength, it outperformed 75.12% 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) | 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) | 38.91 | NEUTRAL | The RSI value for RL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.35 | NEGATIVE | The MACD value suggests RL has a negative trend. |
| Stochastics (14,3) | 35.26 | NEUTRAL | The Stochastics value for RL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for RL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for RL suggests a weak or negative trend. |
342.89
+4.23 (+1.25%)
RALPH LAUREN CORP / RL FAQ
What is the ChartMill technical rating of RALPH LAUREN CORP (RL) stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for RALPH LAUREN CORP (RL) stock?
RALPH LAUREN CORP (RL) has an RSI value of 38.9132. 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 negative.
What are the support and resistance levels for RALPH LAUREN CORP (RL) stock?
RALPH LAUREN CORP (RL) has a support level at 342.88 and a resistance level at 370.23. Check the full technical report for our detailed analysis of RL support and resistance levels.