RADIANT LOGISTICS INC (RLGT) Stock Technical Analysis
NYSEARCA:RLGT - NYSE Arca - US75025X1000 - Common Stock - Currency: USD
Overall RLGT gets a technical rating of 0 out of 10. RLGT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, RLGT is a bad performer in the overall market: 62% of all stocks are doing better.
RLGT is currently trading in the lower part 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.
In the last month RLGT has a been trading in the 5.84 - 6.95 range, which is quite wide. It is currently trading near the lows of this range.
RLGT is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry. RLGT outperforms 80% of them.
Volume is considerably higher in the last couple of days.
RLGT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.83, a Stop Loss order could be placed below this zone.
More info and screens
5.64
7.80
We found 2 important support areas.
- A support zone ranging from 5.82 to 5.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.70 from a horizontal line in the weekly time frame.
7 important resistance areas can be observed.
- A resistance zone ranging from 5.93 to 5.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.10 to 6.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.45 to 6.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.83 from a horizontal line in the daily time frame.
- Resistance @6.98 from a trend line in the weekly time frame.
- Resistance @7.48 from a horizontal line in the daily time frame.
- Resistance @7.72 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RLGT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RLGT is neutral. |
| ChartMill Relative Strength | 38.69 | 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) | DOWN | NEGATIVE | The current price of RLGT is below a declining 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) | 43.7 | NEUTRAL | The RSI value for RLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RLGT has a negative trend. |
| Stochastics (14,3) | 21.29 | NEUTRAL | The Stochastics value for RLGT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for RLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.73 | NEGATIVE | The low ADX value for RLGT suggests a weak or negative 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)
5.9
-0.02 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-0.34%
1 Week-0.67%
2 Weeks-3.28%
1 Month-2.16%
3 Month-12.98%
6 Month-18.17%
12 Month10.49%
2 Year-12.2%
3 Year-20.49%
5 Year50.13%
10 Year-19.29%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%3.26%
ATR Inc23.45%
Range Today0.2
ADR(20)0.18
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.69
Mansfield-1.17
10 Day High6.16
10 Day Low5.84
20 Day High6.95
20 Day Low5.84
52 Week High7.94
52 Week Low5.2
CS1 End5.83
CR1 Start5.93
Volume & EV
DER(3)-5.81%
DER(5)-3.38%
Volume394.60K
Volume Incr103.66%
Vol(5)362.14K
Vol(50)213.38K