REIN THERAPEUTICS INC (RNTX) Stock Technical Analysis
NASDAQ:RNTX • US00887A2042
We assign a technical rating of 0 out of 10 to RNTX. RNTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 93% of all other stocks performed better in the past year than RNTX.
- RNTX is one of the lesser performing stocks in the Biotechnology industry. 75% of 521 stocks in the same industry do better.
- RNTX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month RNTX has a been trading in the 1.08 - 1.63 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RNTX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.09
2 important support areas can be observed.
- Support @1.12 from a horizontal line in the weekly time frame.
- Support @1.10 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @1.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.26 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.48 from a trend line in the daily time frame.
- A resistance zone ranging from 1.57 to 1.57. This zone is formed by a combination of multiple trend lines 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 RNTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNTX is down. |
| ChartMill Relative Strength | 7.73 | NEGATIVE | RNTX has a low relative strength, it was outperformed by 92.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RNTX is below a declining 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) | 41.84 | NEUTRAL | The RSI value for RNTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RNTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.5 | OVERSOLD | The low Stochastics value suggests RNTX may be oversold. |
| Average True Range in percent/ATR (20) | 11.31 | HIGH VOLATILITY | The high ATR as a percentage value for RNTX suggests high volalility. |
| Average Directional Index/ADX (14) | 12.66 | NEGATIVE | The low ADX value for RNTX suggests a weak or negative trend. |
1.15
+0.03 (+2.68%)
REIN THERAPEUTICS INC / RNTX FAQ
What is the technical rating for RNTX stock?
ChartMill assigns a technical rating of 0 / 10 to RNTX.
What is the current trend direction of REIN THERAPEUTICS INC (RNTX) stock?
The current trend direction for REIN THERAPEUTICS INC (RNTX) is Bearish.
What is the RSI signal for REIN THERAPEUTICS INC (RNTX) stock?
REIN THERAPEUTICS INC (RNTX) has an RSI value of 41.8353. This indicates that the stock is currently neutral.
What is the MACD signal for REIN THERAPEUTICS INC (RNTX) stock?
The MACD indicator for REIN THERAPEUTICS INC (RNTX) has a value of -0.0155656, indicating a bearish trend.
Can you provide the support and resistance levels for REIN THERAPEUTICS INC?
REIN THERAPEUTICS INC (RNTX) has a support level at 1.12 and a resistance level at 1.19. Check the full technical report for our detailed analysis of RNTX support and resistance levels.