DEVELOPED INT SELECT EQUITY (RNDM) Technical Analysis
NASDAQ:RNDM • US33738R7879
Current stock price
RNDM Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to RNDM. RNDM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- Warning: RNDM has an average volume of 2802 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- RNDM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RNDM is lagging the market slightly.
- When compared to the yearly performance of all other stocks, RNDM outperforms 69% of them, which is more or less in line with the market.
- In the last month RNDM has a been trading in a tight range between 48.80 and 50.95.
- Volume is considerably higher in the last couple of days.
RNDM Weekly and Daily overview Charts
RNDM Setup Rating and Analysis
Although the technical rating is only medium, RNDM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 50.25, a Stop Loss order could be placed below this zone.
More info and screens
RNDM Support and Resistance Analysis
44.57
We found 4 important support areas.
- A support zone ranging from 49.62 to 50.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.54 to 47.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 45.83 to 46.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.02 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.39 to 51.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
RNDM 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 | UP | POSITIVE | The long term trend for RNDM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNDM is neutral. |
| ChartMill Relative Strength | 69.08 | NEUTRAL | RNDM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RNDM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RNDM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNDM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.03 | NEUTRAL | The RSI value for RNDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests RNDM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.83 | OVERBOUGHT | The high Stochastics value suggests RNDM may be overbought. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for RNDM suggests low volalility. |
| Average Directional Index/ADX (14) | 11.23 | NEGATIVE | The low ADX value for RNDM suggests a weak or negative trend. |
RNDM Chart- and CandleStick Pattern Analysis
RNDM Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:RNDM (6/20/2023, 8:20:15 PM)
50.3487
-0.5 (-0.98%)
DEVELOPED INT SELECT EQUITY / RNDM TA FAQ
What is the technical rating for RNDM stock?
ChartMill assigns a technical rating of 5 / 10 to RNDM.
What is the trend direction for RNDM stock?
The current trend direction for DEVELOPED INT SELECT EQUITY (RNDM) is Bullish.
What is the RSI signal for RNDM stock?
DEVELOPED INT SELECT EQUITY (RNDM) has an RSI value of 52.03. This indicates that the stock is currently neutral.
What is the MACD signal for RNDM stock?
The MACD indicator for DEVELOPED INT SELECT EQUITY (RNDM) has a value of 0.106899, indicating a bearish trend.