ROMEO POWER INC (RMO) Technical Analysis
NYSE:RMO • US7761531083
Current stock price
RMO Technical Rating and Analysis
Taking everything into account, RMO scores 0 out of 10 in our technical rating. RMO'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RMO is a bad performer in the overall market: 95% of all stocks are doing better.
- RMO is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 85% are performing better than RMO.
- RMO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RMO is lagging the market.
- In the last month RMO has a been trading in the 0.32 - 0.63 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.
- RMO has an average volume of 2758670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
RMO Weekly and Daily overview Charts
RMO Setup Rating and Analysis
The technical rating of RMO is bad and it also does not present a 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
RMO Support and Resistance Analysis
0.35
3 important resistance areas can be observed.
- A resistance zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.43 from a trend line in the daily time frame.
- Resistance @0.63 from a horizontal line in the daily time frame.
RMO Technical Indicator Signal Analysis
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 RMO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMO is down. |
| ChartMill Relative Strength | 5.76 | NEGATIVE | RMO has a low relative strength, it was outperformed by 94.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.22 | NEUTRAL | The RSI value for RMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.18 | NEUTRAL | The Stochastics value for RMO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.46 | HIGH VOLATILITY | The high ATR as a percentage value for RMO suggests high volalility. |
| Average Directional Index/ADX (14) | 37.23 | POSITIVE | The high ADX value value for RMO suggests a strong trend. |
RMO Chart- and CandleStick Pattern Analysis
RMO Technicals: Chart, Performance Metrics, Trend & Indicators
0.35
-0.01 (-3.18%)
ROMEO POWER INC / RMO TA FAQ
Can you provide the ChartMill technical rating for ROMEO POWER INC?
ChartMill assigns a technical rating of 0 / 10 to RMO.
What is the current trend direction of ROMEO POWER INC (RMO) stock?
The current trend direction for ROMEO POWER INC (RMO) is Bearish.
Can you provide the RSI signal for ROMEO POWER INC?
ROMEO POWER INC (RMO) has an RSI value of 32.2188. This indicates that the stock is currently neutral.
What is the MACD signal for RMO stock?
The MACD indicator for ROMEO POWER INC (RMO) has a value of -0.000990731, indicating a bearish trend.
What is the short term momentum for RMO stock?
The short term momentum for ROMEO POWER INC (RMO) is negative.