DEVELOPED INT SELECT EQUITY (RNDM) Stock Technical Analysis
NASDAQ:RNDM - Nasdaq - US33738R7879 - ETF - Currency: USD
Overall RNDM gets a technical rating of 5 out of 10. 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 is also trading in the upper part of its 52 week range, so RNDM is performing more or less in line with the market.
When comparing the performance of all stocks over the past year, RNDM turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
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.
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
44.57
51.80
4 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
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. |
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)
NASDAQ:RNDM (6/20/2023, 8:20:15 PM)
50.3487
-0.5 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.98%
1 Week0.72%
2 Weeks1.2%
1 Month-0.65%
3 Month5.78%
6 Month10.1%
12 Month9.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%0.93%
ATR Inc-9.13%
Range Today0.54
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.08
Mansfield-0.14
10 Day High50.92
10 Day Low49.5
20 Day High50.95
20 Day Low48.8
52 Week High53.76
52 Week Low39.46
CS1 End50.25
CR1 Start50.39
Volume & EV
DER(3)-0.36%
DER(5)-0.21%
Volume47.50K
Volume Incr510.71%
Vol(5)10.26K
Vol(50)2.80K