Rignet Inc (RNET) Stock Technical Analysis
NASDAQ:RNET - Nasdaq -
Taking everything into account, RNET scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, RNET has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RNET is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, RNET also shows a nice and consistent pattern of rising prices.
RNET 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 RNET is performing more or less in line with the market.
In the last month RNET has a been trading in the 8.34 - 9.86 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RNET has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
6.67
9.70
We found 4 important support areas.
- A support zone ranging from 9.00 to 9.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.78 to 8.85. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 8.51 to 8.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.74 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for RNET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNET is up. |
| ChartMill Relative Strength | 98.75 | POSITIVE | RNET has a high relative strength, it outperformed 98.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RNET is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.64 | NEUTRAL | The RSI value for RNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests RNET has a positive trend. |
| Stochastics (14,3) | 92.38 | OVERBOUGHT | The high Stochastics value suggests RNET may be overbought. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for RNET suggests some volalility. |
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)
9.6
-0.22 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.24%
1 Week9.22%
2 Weeks6.79%
1 Month4.8%
3 Month22.14%
6 Month161.58%
12 Month713.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%3.24%
ATR Inc-5.72%
Range Today0.26
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
CRS98.75
Mansfield5.96
10 Day High9.86
10 Day Low8.57
20 Day High9.86
20 Day Low8.34
52 Week High11.19
52 Week Low0.82
CS1 End9.24
CR1 StartN/A
Volume & EV
DER(3)9.22%
DER(5)5.59%
Volume289.00K
Volume Incr152.76%
Vol(5)121.52K
Vol(50)130.59K