RINGCENTRAL INC-CLASS A (RNG) Stock Technical Analysis
USA - NYSE:RNG - US76680R2067 - Common Stock
Taking everything into account, RNG scores 0 out of 10 in our technical rating. RNG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of RNG is bad and it also does not present a quality setup 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
23.38
3 important support areas can be observed.
- Support @25.34 from a trend line in the daily time frame.
- Support @24.47 from a trend line in the weekly time frame.
- A support zone ranging from 23.62 to 23.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.17 to 30.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.60 from a trend line in the daily 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 | 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 | 16.09 | NEGATIVE | RNG has a low relative strength, it was outperformed by 83.91% 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) | DOWN | NEGATIVE | The current price of RNG is below a declining 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) | 39.48 | NEUTRAL | The RSI value for RNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests RNG has a negative trend. |
| Stochastics (14,3) | 14.12 | OVERSOLD | The low Stochastics value suggests RNG may be oversold. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for RNG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for RNG suggests a possible start of a new trend. |
26.98
-0.33 (-1.21%)
RINGCENTRAL INC-CLASS A / RNG FAQ
What is the technical rating for RNG stock?
ChartMill assigns a technical rating of 0 / 10 to RNG.
What is the trend direction for RNG stock?
The current trend direction for RINGCENTRAL INC-CLASS A (RNG) is Bearish.
What is the RSI signal for RNG stock?
RINGCENTRAL INC-CLASS A (RNG) has an RSI value of 39.4774. 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 -0.153586, 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 25.34 and a resistance level at 29.17. Check the full technical report for our detailed analysis of RNG support and resistance levels.