RINGCENTRAL INC-CLASS A (RNG) Stock Technical Analysis
NYSE:RNG - New York Stock Exchange, Inc. - US76680R2067 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to RNG. RNG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, RNG is a bad performer in the overall market: 72% of all stocks are doing better.
RNG is one of the lesser performing stocks in the Software industry. 61% of 282 stocks in the same industry do better.
RNG 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.
In the last month RNG has a been trading in the 25.67 - 30.29 range, which is quite wide. It is currently trading near the lows of this range.
RNG has an average volume of 1245300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
RNG has a poor technical rating and the quality of the setup is also only medium 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
25.59
30.17
We found 1 important support area.
- A support zone ranging from 25.85 to 26.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 27.19 to 27.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.00 from a trend line in the daily time frame.
- A resistance zone ranging from 29.87 to 29.87. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for RNG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNG is down. |
| ChartMill Relative Strength | 28.33 | NEGATIVE | RNG has a low relative strength, it was outperformed by 71.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RNG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.09 | NEUTRAL | The RSI value for RNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests RNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.74 | OVERSOLD | The low Stochastics value suggests RNG may be oversold. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for RNG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.12 | NEGATIVE | The low ADX value for RNG 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)
26.67
+0.1 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.38%
1 Week-0.97%
2 Weeks-10.71%
1 Month-1.98%
3 Month17.13%
6 Month-21.12%
12 Month-18.66%
2 Year-35.52%
3 Year-46.11%
5 Year-90.81%
10 Year35.38%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%3.4%
ATR Inc-35%
Range Today0.51
ADR(20)0.88
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.33
Mansfield-2.07
10 Day High30.22
10 Day Low25.67
20 Day High30.29
20 Day Low25.67
52 Week High42.19
52 Week Low20.59
CS1 End26.05
CR1 Start27.19
Volume & EV
DER(3)1.8%
DER(5)-0.83%
Volume1.42M
Volume Incr5.88%
Vol(5)1.53M
Vol(50)1.25M