ROCKWELL MEDICAL INC (RMTI) Stock Technical Analysis
NASDAQ:RMTI - US7743743004 - Common Stock
1.47 USD
+0.23 (+18.55%)
1.49 USD
+0.02 (+1.36%)
Taking everything into account, RMTI scores 6 out of 10 in our technical rating. RMTI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
62% of all other stocks performed better in the past year than RMTI.
RMTI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RMTI has a been trading in the 0.91 - 1.63 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RMTI is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, RMTI did better than 61% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RMTI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.99
1.50
We found 1 important support area.
- Support @1.00 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.47 to 1.49. 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 | NEUTRAL | NEUTRAL | The long term trend for RMTI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMTI is up. |
| ChartMill Relative Strength | 38.83 | NEUTRAL | RMTI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RMTI is above the rising 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) | 76.27 | OVERBOUGHT | The high RSI value suggests RMTI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RMTI has a positive trend. |
| Stochastics (14,3) | 58.27 | NEUTRAL | The Stochastics value for RMTI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.35 | HIGH VOLATILITY | The high ATR as a percentage value for RMTI suggests high volalility. |
| Average Directional Index/ADX (14) | 35.83 | POSITIVE | The high ADX value value for RMTI 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)
1.47
+0.23 (+18.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg18.55%
1 Week40.95%
2 Weeks41.63%
1 Month51.02%
3 Month50.54%
6 Month-11.38%
12 Month-48.25%
2 Year-36.48%
3 Year-18.23%
5 Year-89.73%
10 Year-98.88%
15 Year-97.71%
Volatility
ATR(14)0.15
ATR(20)%8.35%
ATR Inc138.16%
Range Today0.19
ADR(20)0.12
ADR(20)%7.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.83
Mansfield-2.99
10 Day High1.63
10 Day Low0.96
20 Day High1.63
20 Day Low0.91
52 Week High5.15
52 Week Low0.78
CS1 End1
CR1 Start1.47
Volume & EV
DER(3)-4.1%
DER(5)2.92%
Volume4.89M
Volume Incr1891.08%
Vol(5)3.68M
Vol(50)655.58K