RINGCENTRAL INC-CLASS A (RNG) Technical Analysis
NYSE:RNG • US76680R2067
Current stock price
RNG Technical Rating and Analysis
Taking everything into account, RNG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RNG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, RNG did better than 89% of all other stocks. On top of that, RNG also shows a nice and consistent pattern of rising prices.
- RNG is one of the better performing stocks in the Software industry, it outperforms 93% of 275 stocks in the same industry.
- RNG 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 RNG is performing more or less in line with the market.
- RNG has an average volume of 2790320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month RNG has a been trading in the 34.54 - 42.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
RNG Weekly and Daily overview Charts
RNG Setup Rating and Analysis
RNG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
RNG Support and Resistance Analysis
24.96
We found 4 important support areas.
- Support @36.50 from a trend line in the daily time frame.
- A support zone ranging from 35.35 to 35.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.39 to 26.66. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @25.21 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @41.03 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 42.03 to 42.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
RNG Technical Indicator Signal Analysis
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 | 89.6 | POSITIVE | RNG has a high relative strength, it outperformed 89.6% 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 | 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) | 54.53 | NEUTRAL | The RSI value for RNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests RNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.9 | NEUTRAL | The Stochastics value for RNG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for RNG suggests high volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for RNG suggests a possible start of a new trend. |
RNG Chart- and CandleStick Pattern Analysis
RNG Technicals: Chart, Performance Metrics, Trend & Indicators
37.78
-0.35 (-0.92%)
RINGCENTRAL INC-CLASS A / RNG TA FAQ
What is the technical rating for RNG stock?
ChartMill assigns a technical rating of 10 / 10 to RNG.
What is the current trend direction of RINGCENTRAL INC-CLASS A (RNG) stock?
The current trend direction for RINGCENTRAL INC-CLASS A (RNG) is Bullish.
What is the RSI signal for RINGCENTRAL INC-CLASS A (RNG) stock?
RINGCENTRAL INC-CLASS A (RNG) has an RSI value of 54.5336. This indicates that the stock is currently neutral.
What is the buy/sell signal for RNG stock?
The buy/sell signal for RINGCENTRAL INC-CLASS A (RNG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for RINGCENTRAL INC-CLASS A (RNG) stock?
RINGCENTRAL INC-CLASS A (RNG) has a support level at 36.5 and a resistance level at 41.03. Check the full technical report for our detailed analysis of RNG support and resistance levels.