ROCKWELL MEDICAL INC (RMTI) Stock Technical Analysis
USA - NASDAQ:RMTI - US7743743004 - Common Stock
Taking everything into account, RMTI scores 1 out of 10 in our technical rating. RMTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, RMTI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.08, a Stop Loss order could be placed below this zone.
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1.07
When analyzing the support we notice one important area.
- A support zone ranging from 1.08 to 1.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.20 to 1.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.55 from a trend line in the weekly time frame.
- Resistance @1.72 from a trend 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 RMTI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMTI is down. |
| ChartMill Relative Strength | 7.79 | NEGATIVE | RMTI has a low relative strength, it was outperformed by 92.21% 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) | UP | MIXED | The current price of RMTI is below 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) | 36 | NEUTRAL | The RSI value for RMTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RMTI has a negative trend. |
| Stochastics (14,3) | 19.3 | OVERSOLD | The low Stochastics value suggests RMTI may be oversold. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for RMTI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.17 | NEGATIVE | The low ADX value for RMTI suggests a weak or negative trend. |
1.09
-0.03 (-2.68%)
ROCKWELL MEDICAL INC / RMTI FAQ
What is the ChartMill technical rating of ROCKWELL MEDICAL INC (RMTI) stock?
ChartMill assigns a technical rating of 1 / 10 to RMTI.
What is the trend direction for RMTI stock?
The current trend direction for ROCKWELL MEDICAL INC (RMTI) is Bearish.
What is the RSI signal for ROCKWELL MEDICAL INC (RMTI) stock?
ROCKWELL MEDICAL INC (RMTI) has an RSI value of 35.9975. This indicates that the stock is currently neutral.
What is the MACD signal for RMTI stock?
The MACD indicator for ROCKWELL MEDICAL INC (RMTI) has a value of -0.000530917, indicating a bearish trend.
What is the buy/sell signal for RMTI stock?
The buy/sell signal for ROCKWELL MEDICAL INC (RMTI) is sell as both the short term and long term trends are negative.