Taking everything into account, RLGT scores 6 out of 10 in our technical rating. RLGT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
RLGT 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
5.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.83 to 6.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.70 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @6.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 6.80 to 6.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 RLGT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLGT is up. |
| ChartMill Relative Strength | 29.37 | NEGATIVE | RLGT has a low relative strength, it was outperformed by 70.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RLGT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.56 | NEUTRAL | The RSI value for RLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RLGT has a positive trend. |
| Stochastics (14,3) | 90.7 | OVERBOUGHT | The high Stochastics value suggests RLGT may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for RLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.68 | NEUTRAL | The ADX value for RLGT suggests a possible start of a new trend. |
6.4
-0.05 (-0.78%)
RADIANT LOGISTICS INC / RLGT FAQ
Can you provide the ChartMill technical rating for RADIANT LOGISTICS INC?
ChartMill assigns a technical rating of 6 / 10 to RLGT.
Can you provide the trend direction for RADIANT LOGISTICS INC?
The current trend direction for RADIANT LOGISTICS INC (RLGT) is Bearish.
Can you provide the RSI signal for RADIANT LOGISTICS INC?
RADIANT LOGISTICS INC (RLGT) has an RSI value of 63.5553. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RADIANT LOGISTICS INC?
The MACD indicator for RADIANT LOGISTICS INC (RLGT) has a value of 0.0444024, indicating a bearish trend.
What are the support and resistance levels for RADIANT LOGISTICS INC (RLGT) stock?
RADIANT LOGISTICS INC (RLGT) has a support level at 6.2 and a resistance level at 6.53. Check the full technical report for our detailed analysis of RLGT support and resistance levels.