FR0000131906 - Common Stock
We assign a technical rating of 8 out of 10 to RNO. Although RNO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, RNO also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @39.04. This is a Buy Stop order right above the resistance zone.||An exit @37.37. This is a Stop Loss order right below the support zone.||The worst case loss on the trade is limited to 1.67 points, which is 4.28%.||For a 1.00% total portfolio risk, you can invest 23.38% of your capital in this trade.|
EPA:RNO (2/3/2023, 7:00:00 PM)-0.02 (-0.04%)
|GICS Sector||Consumer Discretionary|
|2 Weeks||6.94%||1 Month||7.93%|
|3 Month||27.84%||6 Month||31.06%|
|ATR Inc||25.27%||Range Today||1.16|
|ST Trend||LT Trend|
|10 Day High||39.64||10 Day Low||36.28|
|20 Day High||39.64||20 Day Low||35.24|
|52 Week High||39.64||52 Week Low||20.47|
|CS1 End||37.81||CR1 Start||39.02|
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