ROMEO POWER INC (RMO) Stock Technical Analysis
NYSE:RMO - US7761531083 - Common Stock
0.35 USD
-0.01 (-3.18%)
0.37 USD
+0.02 (+5.71%)
Overall RMO gets a technical rating of 0 out of 10. 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 79% are performing better than RMO.
RMO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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.
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
0.35
0.64
We can see 3 important resistance areas.
- 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.
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. |
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)
0.35
-0.01 (-3.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.18%
1 Week-7.28%
2 Weeks-12.5%
1 Month-33.97%
3 Month-39.66%
6 Month-72.22%
12 Month-92.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%12.46%
ATR Inc-14.83%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.76
Mansfield-7.53
10 Day High0.43
10 Day Low0.32
20 Day High0.63
20 Day Low0.32
52 Week High5.55
52 Week Low0.32
CS1 EndN/A
CR1 Start0.36
Volume & EV
DER(3)-0.89%
DER(5)-2.73%
Volume1.91M
Volume Incr-33.89%
Vol(5)1.56M
Vol(50)2.76M