RINGCENTRAL INC-CLASS A (RNG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RNG • US76680R2067
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RNG is a bad performer in the overall market: 86% of all stocks are doing better.
- In the last month RNG has a been trading in the 25.04 - 30.03 range, which is quite wide. It is currently trading near the lows of this range.
- RNG has an average volume of 1263240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RNG is an average performer in the Software industry, it outperforms 55% of 278 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 a poor technical rating and the quality of the setup is also not perfect 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.
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24.94
When analyzing the support we notice one important area.
- A support zone ranging from 25.19 to 25.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 26.60 to 26.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.48 to 27.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.02 from a trend line in the daily time frame.
- Resistance @29.75 from a trend line in the weekly time frame.
- Resistance @30.48 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for RNG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNG is down. |
| ChartMill Relative Strength | 14.77 | NEGATIVE | RNG has a low relative strength, it was outperformed by 85.23% 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) | UP | MIXED | The current price of RNG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.67 | NEUTRAL | The RSI value for RNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RNG has a negative trend. |
| Stochastics (14,3) | 25.35 | NEUTRAL | The Stochastics value for RNG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for RNG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.71 | NEUTRAL | The ADX value for RNG suggests a possible start of a new trend. |
25.56
-1.43 (-5.3%)
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 current trend direction of RINGCENTRAL INC-CLASS A (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 35.6699. This indicates that the stock is currently neutral.
What is the MACD signal for RINGCENTRAL INC-CLASS A (RNG) stock?
The MACD indicator for RINGCENTRAL INC-CLASS A (RNG) has a value of -0.143486, indicating a bearish trend.
What is the support and resistance level for RNG stock?
RINGCENTRAL INC-CLASS A (RNG) has a support level at 25.55 and a resistance level at 26.6. Check the full technical report for our detailed analysis of RNG support and resistance levels.