ROCKWELL MEDICAL INC (RMTI) Stock Technical Analysis
NASDAQ:RMTI - Nasdaq - US7743743004 - Common Stock - Currency: USD
Taking everything into account, RMTI scores 0 out of 10 in our technical rating. RMTI'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, RMTI is a bad performer in the overall market: 96% of all stocks are doing better.
RMTI is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, of which 80% are performing better than RMTI.
RMTI 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 RMTI has a been trading in the 0.91 - 1.09 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RMTI 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 0.97, a Stop Loss order could be placed below this zone.
More info and screens
0.96
1.04
We found 1 important support area.
- A support zone ranging from 0.97 to 0.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for RMTI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMTI is down. |
| ChartMill Relative Strength | 4.78 | NEGATIVE | RMTI has a low relative strength, it was outperformed by 95.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMTI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RMTI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.31 | NEUTRAL | The RSI value for RMTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RMTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.07 | NEUTRAL | The Stochastics value for RMTI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for RMTI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.94 | NEGATIVE | The low ADX value for RMTI 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)
0.9923
-0.04 (-3.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.66%
1 Week-1.75%
2 Weeks3.39%
1 Month-7.26%
3 Month-41.63%
6 Month-51.36%
12 Month-46.36%
2 Year-81.83%
3 Year-23.08%
5 Year-95.37%
10 Year-99.44%
15 Year-98.31%
Volatility
ATR(14)0.05
ATR(20)%5.44%
ATR Inc5.18%
Range Today0.05
ADR(20)0.05
ADR(20)%5.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.78
Mansfield-5.6
10 Day High1.08
10 Day Low0.91
20 Day High1.09
20 Day Low0.91
52 Week High5.15
52 Week Low0.86
CS1 End0.97
CR1 Start1.02
Volume & EV
DER(3)-3.87%
DER(5)-3.85%
Volume74.09K
Volume Incr-36.04%
Vol(5)148.81K
Vol(50)215.35K