RPID Technical Analysis - RAPID MICRO BIOSYSTEMS INC-A

Technical Rating and Analysis

Overall RPID gets a technical rating of 4 out of 10. Although RPID is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, we notice that RPID is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, RPID also shows a nice and consistent pattern of rising prices.

RPID is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 98% of 57 stocks in the same industry.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

RPID is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RPID is lagging the market.

In the last month RPID has a been trading in the 2.76 - 3.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RAPID MICRO BIOSYSTEMS INC-A / RPID Weekly stock chart

RAPID MICRO BIOSYSTEMS INC-A / RPID Daily stock chart

Setup Rating and Analysis

RPID has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.40

3.72

When analyzing the support we can see 6 important areas.

A support zone ranging from 3.07 to 3.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.93 from a horizontal line in the daily time frame.
Support @2.70 from a trend line in the weekly time frame.
Support @2.55 from a trend line in the weekly time frame.
Support @2.50 from a trend line in the daily time frame.
Support @2.42 from a trend line in the daily time frame.

We found 1 important resistance area.

Resistance @3.68 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for RPID is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RPID is down.
ChartMill Relative Strength	97.13	POSITIVE	RPID has a high relative strength, it outperformed 97.13% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RPID is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of RPID is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RPID is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.45	NEUTRAL	The RSI value for RPID is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests RPID has a negative trend.
Stochastics (14,3)	22.54	NEUTRAL	The Stochastics value for RPID is a neutral value.
Average True Range in percent/ATR (20)	9.98	HIGH VOLATILITY	The high ATR as a percentage value for RPID suggests high volalility.
Average Directional Index/ADX (14)	18.35	NEGATIVE	The low ADX value for RPID suggests a weak or negative trend.