RINGCENTRAL INC-CLASS A (RNG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RNG - US76680R2067 - Common Stock
Overall RNG gets a technical rating of 6 out of 10. Although RNG is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
RNG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.12 to 26.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @30.48 from a horizontal line in the daily time frame.
- A resistance zone ranging from 31.94 to 32.44. 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 | NEUTRAL | NEUTRAL | The short term trend for RNG is neutral. |
| ChartMill Relative Strength | 21.81 | NEGATIVE | RNG has a low relative strength, it was outperformed by 78.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RNG is below 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) | UP | POSITIVE | The current price of RNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.5 | NEUTRAL | The RSI value for RNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests RNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.81 | NEUTRAL | The Stochastics value for RNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for RNG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.73 | NEGATIVE | The low ADX value for RNG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 30.49 | 28.87 | 1.62 (5.31%) | 18.82% |
| An entry @30.49. This is a Buy Stop order right above the resistance zone. | An exit @28.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.62 points, which is 5.31%. | When investing 18.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
29.56
+0.3 (+1.03%)
RINGCENTRAL INC-CLASS A / RNG FAQ
What is the technical rating for RNG stock?
ChartMill assigns a technical rating of 6 / 10 to RNG.
What is the trend direction for RNG stock?
The current trend direction for RINGCENTRAL INC-CLASS A (RNG) is Bullish.
What is the RSI signal for RNG stock?
RINGCENTRAL INC-CLASS A (RNG) has an RSI value of 53.4963. This indicates that the stock is currently neutral.
What is the MACD signal for RNG stock?
The MACD indicator for RINGCENTRAL INC-CLASS A (RNG) has a value of -0.107433, indicating a bearish trend.
Can you provide the support and resistance levels for RINGCENTRAL INC-CLASS A?
RINGCENTRAL INC-CLASS A (RNG) has a support level at 26.39 and a resistance level at 30.48. Check the full technical report for our detailed analysis of RNG support and resistance levels.