RN Technical Analysis - RISANAMENTO SPA

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to RN. In the past year, RN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, RN is a bad performer in the overall market: 72% of all stocks are doing better.

RN 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month RN has a been trading in the 0.02 - 0.02 range, which is quite wide. It is currently trading near the high of this range.

RN has an average volume of 4926110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

RN is part of the Real Estate Management & Development industry. There are 75 other stocks in this industry, RN did better than 64% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

RN has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.02

When analyzing the support we notice one important area.

A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @0.02 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for RN.MI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RN.MI is up.
ChartMill Relative Strength	28.27	NEGATIVE	RN.MI has a low relative strength, it was outperformed by 71.73% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RN.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RN.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RN.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	63.74	NEUTRAL	The RSI value for RN.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests RN.MI has a positive trend.
Stochastics (14,3)	75.73	NEUTRAL	The Stochastics value for RN.MI is a neutral value.
Average True Range in percent/ATR (20)	3.28	MEDIUM VOLATILITY	The ATR as a percentage value for RN.MI suggests some volalility.
Average Directional Index/ADX (14)	13.75	NEGATIVE	The low ADX value for RN.MI suggests a weak or negative trend.