RINGCENTRAL INC-CLASS A (RNG) Stock Technical Analysis
NYSE:RNG • US76680R2067
Taking everything into account, RNG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that RNG is one of the better performing stocks in the market, outperforming 82% of all stocks.
- RNG is one of the better performing stocks in the Software industry, it outperforms 90% of 276 stocks in the same industry.
- RNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RNG is lagging the market slightly.
- In the last month RNG has a been trading in the 24.14 - 40.64 range, which is quite wide. It is currently trading near the high of this range.
- RNG has an average volume of 2448710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although RNG has an excellent technical rating, it does not present a decent entry opportunity 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
24.74
When analyzing the support we can see 4 important areas.
- Support @27.62 from a horizontal line in the daily time frame.
- A support zone ranging from 26.31 to 26.39. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @25.49 from a trend line in the weekly time frame.
- Support @24.99 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.51 to 39.51. 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 | 82.07 | POSITIVE | RNG has a high relative strength, it outperformed 82.07% off all stocks 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) | UP | POSITIVE | The current price of RNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.54 | NEUTRAL | The RSI value for RNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests RNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.56 | NEUTRAL | The Stochastics value for RNG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for RNG suggests high volalility. |
| Average Directional Index/ADX (14) | 36.91 | POSITIVE | The high ADX value value for RNG suggests a strong trend. |
36.14
-0.31 (-0.85%)
RINGCENTRAL INC-CLASS A / RNG 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 RNG stock?
RINGCENTRAL INC-CLASS A (RNG) has an RSI value of 62.5362. 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 0.731194, indicating a bearish trend.
What is the support and resistance level for RNG stock?
RINGCENTRAL INC-CLASS A (RNG) has a support level at 27.62 and a resistance level at 39.51. Check the full technical report for our detailed analysis of RNG support and resistance levels.