REALNETWORKS INC (RNWK) Stock Technical Analysis
NASDAQ:RNWK • US75605L7082
Overall RNWK gets a technical rating of 5 out of 10. Although RNWK is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, RNWK is a bad performer in the overall market: 63% of all stocks are doing better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- RNWK is one of the better performing stocks in the Software industry, it outperforms 80% of 274 stocks in the same industry.
- RNWK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNWK is lagging the market.
- In the last month RNWK has a been trading in a tight range between 0.69 and 0.73.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, RNWK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.72, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.69 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.74 to 0.74. 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 RNWK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNWK is neutral. |
| ChartMill Relative Strength | 37.45 | NEUTRAL | RNWK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNWK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNWK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNWK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.06 | NEUTRAL | The RSI value for RNWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RNWK has a positive trend. |
| Stochastics (14,3) | 99.33 | OVERBOUGHT | The high Stochastics value suggests RNWK may be overbought. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for RNWK suggests low volalility. |
| Average Directional Index/ADX (14) | 25.53 | POSITIVE | The high ADX value value for RNWK suggests a strong trend. |
NASDAQ:RNWK (12/21/2022, 8:00:02 PM)
0.73
+0 (+0.03%)
REALNETWORKS INC / RNWK FAQ
Can you provide the ChartMill technical rating for REALNETWORKS INC?
ChartMill assigns a technical rating of 5 / 10 to RNWK.
Can you provide the trend direction for REALNETWORKS INC?
The current trend direction for REALNETWORKS INC (RNWK) is Bullish.
Can you provide the RSI signal for REALNETWORKS INC?
REALNETWORKS INC (RNWK) has an RSI value of 62.0564. This indicates that the stock is currently neutral.
What is the MACD signal for RNWK stock?
The MACD indicator for REALNETWORKS INC (RNWK) has a value of 0.000518213, indicating a bearish trend.