RICHTECH ROBOTICS INC-CL B (RR) Stock Technical Analysis
NASDAQ:RR - Nasdaq - US7655041058 - Common Stock - Currency: USD
Overall RR gets a technical rating of 3 out of 10. Although RR 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.
In the last month RR has a been trading in the 1.71 - 2.82 range, which is quite wide. It is currently trading near the lows of this range.
RR is part of the Machinery industry. There are 128 other stocks in this industry. RR outperforms 86% of them.
RR has an average volume of 9724630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, RR did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RR is lagging the market.
RR has a poor technical rating and the quality of the setup is also not perfect 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
1.72
2.73
We found 3 important support areas.
- A support zone ranging from 1.81 to 1.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.77 to 1.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.74 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.07 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.57 from a trend line in the daily time frame.
- Resistance @2.70 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 | NEUTRAL | NEUTRAL | The long term trend for RR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RR is down. |
| ChartMill Relative Strength | 89.66 | POSITIVE | RR has a high relative strength, it outperformed 89.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RR is below 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) | 49.13 | NEUTRAL | The RSI value for RR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.7 | NEUTRAL | The Stochastics value for RR is a neutral value. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for RR suggests high volalility. |
| Average Directional Index/ADX (14) | 15.73 | NEGATIVE | The low ADX value for RR suggests a weak or negative 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)
2.06
+0.16 (+8.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg8.42%
1 Week10.16%
2 Weeks1.48%
1 Month-18.58%
3 Month8.42%
6 Month-28.97%
12 Month57.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%9.33%
ATR Inc2.72%
Range Today0.11
ADR(20)0.18
ADR(20)%8.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.66
Mansfield1.68
10 Day High2.08
10 Day Low1.71
20 Day High2.82
20 Day Low1.71
52 Week High5.2
52 Week Low0.3
CS1 End1.81
CR1 Start2.07
Volume & EV
DER(3)3.65%
DER(5)1.16%
Volume8.71M
Volume Incr-43.45%
Vol(5)8.00M
Vol(50)9.72M