RINGCENTRAL INC-CLASS A (RNG) Stock Technical Analysis
NYSE:RNG - US76680R2067 - Common Stock
30.51 USD
-0.2 (-0.65%)
30.51 USD
0 (0%)
Overall RNG gets a technical rating of 8 out of 10. Although RNG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
RNG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RNG has an average volume of 1763950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RNG outperforms 49% of them, which is more or less in line with the market.
RNG is an average performer in the Software industry, it outperforms 56% of 280 stocks in the same industry.
RNG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNG is lagging the market.
RNG has an excellent technical rating, but the quality of the setup is 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
23.63
31.54
We found 2 important support areas.
- A support zone ranging from 29.14 to 29.23. 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 23.87 to 24.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 30.87 to 31.23. 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 | UP | POSITIVE | The long term trend for RNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNG is up. |
| ChartMill Relative Strength | 49.49 | NEUTRAL | RNG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RNG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.41 | NEUTRAL | The RSI value for RNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.06 | OVERBOUGHT | The high Stochastics value suggests RNG may be overbought. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for RNG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for RNG suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.24 | 29.13 | 2.11 (6.75%) | 14.81% |
| An entry @31.24. This is a Buy Stop order right above the resistance zone. | An exit @29.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.11 points, which is 6.75%. | For a 1.00% total portfolio risk, you can invest 14.81% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
30.51
-0.2 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.65%
1 Week-1.17%
2 Weeks-0.75%
1 Month29.12%
3 Month17.66%
6 Month7.24%
12 Month-8.46%
2 Year-1.36%
3 Year-29.11%
5 Year-89.51%
10 Year77.28%
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%4.8%
ATR Inc-26.89%
Range Today1.09
ADR(20)1.21
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.49
Mansfield-0.83
10 Day High31.58
10 Day Low28.42
20 Day High31.58
20 Day Low23.59
52 Week High42.19
52 Week Low20.59
CS1 End29.23
CR1 Start30.87
Volume & EV
DER(3)4.79%
DER(5)1.54%
Volume1.70M
Volume Incr4.06%
Vol(5)2.17M
Vol(50)1.76M