RADIANT LOGISTICS INC (RLGT) Stock Technical Analysis
NYSEARCA:RLGT - US75025X1000 - Common Stock
6.38 USD
+0.13 (+2.08%)
6.38 USD
0 (0%)
Taking everything into account, RLGT scores 7 out of 10 in our technical rating. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When compared to the yearly performance of all other stocks, RLGT outperforms 42% of them, which is more or less in line with the market.
RLGT is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry, RLGT did better than 63% of them.
RLGT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RLGT is lagging the market.
In the last month RLGT has a been trading in the 6.02 - 6.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RLGT 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
5.64
6.61
3 important support areas can be observed.
- A support zone ranging from 6.16 to 6.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.83 to 5.96. 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.
- A resistance zone ranging from 6.41 to 6.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for RLGT is neutral. |
| ChartMill Relative Strength | 42.12 | NEUTRAL | RLGT is not amongst the best or worst performers 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 | NEGATIVE | The current price of RLGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.79 | NEUTRAL | The RSI value for RLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RLGT has a negative trend. |
| Stochastics (14,3) | 59.49 | NEUTRAL | The Stochastics value for RLGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for RLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.24 | NEUTRAL | The ADX value for RLGT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.38
+0.13 (+2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg2.08%
1 Week1.27%
2 Weeks0%
1 Month2.24%
3 Month7.41%
6 Month0.16%
12 Month-3.77%
2 Year12.92%
3 Year12.13%
5 Year24.12%
10 Year43.05%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.24%
ATR Inc52.8%
Range Today0.16
ADR(20)0.14
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.12
Mansfield-1.02
10 Day High6.56
10 Day Low6.22
20 Day High6.56
20 Day Low6.02
52 Week High7.94
52 Week Low5.44
CS1 End6.31
CR1 Start6.41
Volume & EV
DER(3)7.99%
DER(5)4.05%
Volume89.40K
Volume Incr-9.08%
Vol(5)77.06K
Vol(50)89.76K