RICHTECH ROBOTICS INC-CL B (RR) Stock Technical Analysis
NASDAQ:RR - Nasdaq - US7655041058 - Common Stock - Currency: USD
Overall RR gets a technical rating of 7 out of 10. RR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
RR is one of the better performing stocks in the Machinery industry, it outperforms 92% of 128 stocks in the same industry.
RR has an average volume of 8954390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RR did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
RR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RR is lagging the market slightly.
In the last month RR has a been trading in the 1.94 - 2.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
RR has an excellent technical rating and also presents 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 2.20, a Stop Loss order could be placed below this zone.
More info and screens
2.11
2.79
We found 2 important support areas.
- A support zone ranging from 2.19 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.13 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.40 to 2.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.59 from a horizontal line in the weekly time frame.
- Resistance @2.76 from a trend 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 RR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RR is up. |
| ChartMill Relative Strength | 96.18 | POSITIVE | RR has a high relative strength, it outperformed 96.18% 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 | POSITIVE | The current price of RR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.27 | NEUTRAL | The RSI value for RR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RR has a negative trend. |
| Stochastics (14,3) | 32.57 | NEUTRAL | The Stochastics value for RR is a neutral value. |
| Average True Range in percent/ATR (20) | 11.84 | HIGH VOLATILITY | The high ATR as a percentage value for RR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.97 | POSITIVE | The high ADX value value for RR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.44 | 2.18 | 0.26 (10.66%) | 9.38% |
| An entry @2.44. This is a Buy Stop order right above the resistance zone. | An exit @2.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.26 points, which is 10.66%. | When investing 9.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.34
-0.08 (-3.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-3.31%
1 Week-7.87%
2 Weeks8.84%
1 Month13.04%
3 Month50%
6 Month190.4%
12 Month81.4%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%11.84%
ATR Inc-19.7%
Range Today0.32
ADR(20)0.25
ADR(20)%10.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.18
Mansfield3.93
10 Day High2.9
10 Day Low2.13
20 Day High2.9
20 Day Low1.94
52 Week High5.2
52 Week Low0.3
CS1 End2.2
CR1 Start2.4
Volume & EV
DER(3)-1.97%
DER(5)-2.57%
Volume21.43M
Volume Incr42.56%
Vol(5)15.60M
Vol(50)8.95M