REIN THERAPEUTICS INC (RNTX) Stock Technical Analysis
USA - NASDAQ:RNTX - US00887A2042 - Common Stock
Taking everything into account, RNTX scores 6 out of 10 in our technical rating. RNTX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
RNTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.31, a Stop Loss order could be placed below this zone.
More info and screens
1.10
3 important support areas can be observed.
- A support zone ranging from 1.29 to 1.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.24 from a trend line in the weekly time frame.
- Support @1.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.61 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.72 from a trend line in the daily time frame.
- Resistance @1.92 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 | UP | POSITIVE | The long term trend for RNTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNTX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | RNTX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.12 | NEUTRAL | The RSI value for RNTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RNTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.68 | NEUTRAL | The Stochastics value for RNTX is a neutral value. |
| Average True Range in percent/ATR (20) | 12.71 | HIGH VOLATILITY | The high ATR as a percentage value for RNTX suggests high volalility. |
| Average Directional Index/ADX (14) | 43.3 | POSITIVE | The high ADX value value for RNTX suggests a strong trend. |
1.49
-0.05 (-3.25%)
REIN THERAPEUTICS INC / RNTX FAQ
What is the technical rating for RNTX stock?
ChartMill assigns a technical rating of 6 / 10 to RNTX.
What is the trend direction for RNTX stock?
The current trend direction for REIN THERAPEUTICS INC (RNTX) is Bullish.
What is the RSI signal for REIN THERAPEUTICS INC (RNTX) stock?
REIN THERAPEUTICS INC (RNTX) has an RSI value of 53.1233. This indicates that the stock is currently neutral.
What is the MACD signal for RNTX stock?
The MACD indicator for REIN THERAPEUTICS INC (RNTX) has a value of 0.0026428, indicating a bearish trend.
What are the support and resistance levels for REIN THERAPEUTICS INC (RNTX) stock?
REIN THERAPEUTICS INC (RNTX) has a support level at 1.31 and a resistance level at 1.61. Check the full technical report for our detailed analysis of RNTX support and resistance levels.