We assign a technical rating of 7 out of 10 to RLGT. Although RLGT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, RLGT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RLGT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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5.64
4 important support areas can be observed.
- A support zone ranging from 6.33 to 6.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.09 from a trend line in the weekly time frame.
- A support zone ranging from 5.82 to 5.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.70 to 5.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @6.88 from a horizontal line 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 | UP | POSITIVE | The long term trend for RLGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLGT is up. |
| ChartMill Relative Strength | 56.85 | NEUTRAL | RLGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RLGT is above a declining 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) | UP | POSITIVE | The current price of RLGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.49 | NEUTRAL | The RSI value for RLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RLGT has a positive trend. |
| Stochastics (14,3) | 71.87 | NEUTRAL | The Stochastics value for RLGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for RLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.64 | NEUTRAL | The ADX value for RLGT suggests a possible start of a new 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 |
|---|---|---|---|
| 6.89 | 6.27 | 0.62 (9.00%) | 11.11% |
| An entry @6.89. This is a Buy Stop order right above the resistance zone. | An exit @6.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.62 points, which is 9.00%. | When investing 11.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
6.69
-0.03 (-0.45%)
RADIANT LOGISTICS INC / RLGT FAQ
Can you provide the ChartMill technical rating for RADIANT LOGISTICS INC?
ChartMill assigns a technical rating of 7 / 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 58.4919. 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 positive.
Can you provide the support and resistance levels for RADIANT LOGISTICS INC?
RADIANT LOGISTICS INC (RLGT) has a support level at 6.4 and a resistance level at 6.88. Check the full technical report for our detailed analysis of RLGT support and resistance levels.