RADIANT LOGISTICS INC (RLGT) Technical Analysis
NYSEARCA:RLGT • US75025X1000
We assign a technical rating of 5 out of 10 to RLGT. In the last year, RLGT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month RLGT has a been trading in the 6.78 - 8.44 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the performance of all stocks over the past year, RLGT turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- RLGT is an average performer in the Air Freight & Logistics industry, it outperforms 54% of 23 stocks in the same industry.
- RLGT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RLGT is lagging the market slightly.
RLGT has an average technical rating and it also does not offer a high quality setup 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
5.76
We found 3 important support areas.
- Support @6.73 from a trend line in the daily time frame.
- Support @6.20 from a trend line in the weekly time frame.
- A support zone ranging from 5.82 to 5.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.54 to 7.62. 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 RLGT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RLGT is down. |
| ChartMill Relative Strength | 55.4 | NEUTRAL | RLGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RLGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RLGT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RLGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.87 | NEUTRAL | The RSI value for RLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RLGT has a negative trend. |
| Stochastics (14,3) | 13.77 | OVERSOLD | The low Stochastics value suggests RLGT may be oversold. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for RLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.81 | NEGATIVE | The low ADX value for RLGT suggests a weak or negative trend. |
RLGT Technicals: Chart, Performance Metrics, Trend & Indicators
6.8
-0.17 (-2.44%)
RADIANT LOGISTICS INC / RLGT FAQ
Can you provide the ChartMill technical rating for RADIANT LOGISTICS INC?
ChartMill assigns a technical rating of 5 / 10 to RLGT.
What is the current trend direction of RADIANT LOGISTICS INC (RLGT) stock?
The current trend direction for RADIANT LOGISTICS INC (RLGT) is Bullish.
Can you provide the RSI signal for RADIANT LOGISTICS INC?
RADIANT LOGISTICS INC (RLGT) has an RSI value of 40.8725. This indicates that the stock is currently neutral.
What is the short term momentum for RADIANT LOGISTICS INC (RLGT) stock?
The short term momentum for RADIANT LOGISTICS INC (RLGT) is negative.
Can you provide the support and resistance levels for RADIANT LOGISTICS INC?
RADIANT LOGISTICS INC (RLGT) has a support level at 6.73 and a resistance level at 7.54. Check the full technical report for our detailed analysis of RLGT support and resistance levels.