RR Technical Analysis - RICHTECH ROBOTICS INC-CL B

Technical Rating and Analysis

Taking everything into account, RR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RR has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, RR did better than 99% of all other stocks. We also observe that the gains produced by RR over the past year are nicely spread over this period.

RR is one of the better performing stocks in the Machinery industry, it outperforms 98% of 129 stocks in the same industry.

RR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RR has a been trading in the 2.86 - 7.43 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

RR has an average volume of 37188500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RICHTECH ROBOTICS INC-CL B / RR Weekly stock chart

RICHTECH ROBOTICS INC-CL B / RR Daily stock chart

Setup Rating and Analysis

Although RR has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.73

7.12

We found 1 important support area.

A support zone ranging from 6.80 to 6.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	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	99.47	POSITIVE	RR has a high relative strength, it outperformed 99.47% 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)	UP	POSITIVE	The current price of RR is above the rising 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)	75.06	OVERBOUGHT	The high RSI value suggests RR may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests RR has a positive trend.
Stochastics (14,3)	85.5	OVERBOUGHT	The high Stochastics value suggests RR may be overbought.
Average True Range in percent/ATR (20)	10.17	HIGH VOLATILITY	The high ATR as a percentage value for RR suggests high volalility.
Average Directional Index/ADX (14)	52.59	POSITIVE	The high ADX value value for RR suggests a strong trend.