RICHTECH ROBOTICS INC-CL B (RR) Technical Analysis
NASDAQ:RR • US7655041058
Current stock price
RR Technical Rating and Analysis
Taking everything into account, RR scores 2 out of 10 in our technical rating. In the past year, RR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 83% of all other stocks performed better in the past year than RR.
- RR is one of the lesser performing stocks in the Machinery industry. 77% of 131 stocks in the same industry do better.
- RR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RR has a been trading in the 1.85 - 2.59 range, which is quite wide. It is currently trading near the high of this range.
- RR has an average volume of 10011800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RR Weekly and Daily overview Charts
RR Setup Rating and Analysis
The technical rating of RR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
RR Support and Resistance Analysis
1.87
We found 2 important support areas.
- Support @2.03 from a trend line in the weekly time frame.
- Support @1.89 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.58 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.35 from a trend line in the daily time frame.
- Resistance @4.99 from a trend line in the daily time frame.
RR 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 | DOWN | NEGATIVE | The long term trend for RR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RR is up. |
| ChartMill Relative Strength | 17.89 | NEGATIVE | RR has a low relative strength, it was outperformed by 82.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.59 | NEUTRAL | The RSI value for RR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RR has a positive trend. |
| Stochastics (14,3) | 84.92 | OVERBOUGHT | The high Stochastics value suggests RR may be overbought. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for RR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.59 | NEUTRAL | The ADX value for RR suggests a possible start of a new trend. |
RR Chart- and CandleStick Pattern Analysis
RR Technicals: Chart, Performance Metrics, Trend & Indicators
2.57
+0.16 (+6.64%)
RICHTECH ROBOTICS INC-CL B / RR TA FAQ
Can you provide the ChartMill technical rating for RICHTECH ROBOTICS INC-CL B?
ChartMill assigns a technical rating of 2 / 10 to RR.
Can you provide the trend direction for RICHTECH ROBOTICS INC-CL B?
The current trend direction for RICHTECH ROBOTICS INC-CL B (RR) is Bearish.
What is the RSI signal for RR stock?
RICHTECH ROBOTICS INC-CL B (RR) has an RSI value of 61.5917. This indicates that the stock is currently neutral.
What is the short term momentum for RICHTECH ROBOTICS INC-CL B (RR) stock?
The short term momentum for RICHTECH ROBOTICS INC-CL B (RR) is positive.
What are the support and resistance levels for RICHTECH ROBOTICS INC-CL B (RR) stock?
RICHTECH ROBOTICS INC-CL B (RR) has a support level at 2.03 and a resistance level at 2.58. Check the full technical report for our detailed analysis of RR support and resistance levels.