RICHTECH ROBOTICS INC-CL B (RR) Stock Technical Analysis
USA - NASDAQ:RR - US7655041058 - Common Stock
Overall RR gets a technical rating of 6 out of 10. In the last year, RR was one of the better performers, but we do observe some doubts in the very recent evolution.
RR has an average technical rating and it also 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.
More info and screens
1.72
3 important support areas can be observed.
- A support zone ranging from 3.71 to 3.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.01 from a trend line in the daily time frame.
- Support @1.74 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @5.33 from a trend line in the daily time frame.
- Resistance @6.08 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for RR is down. |
| ChartMill Relative Strength | 99.25 | POSITIVE | RR has a high relative strength, it outperformed 99.25% 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) | 35.55 | NEUTRAL | The RSI value for RR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests RR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.68 | OVERSOLD | The low Stochastics value suggests RR may be oversold. |
| Average True Range in percent/ATR (20) | 16.45 | HIGH VOLATILITY | The high ATR as a percentage value for RR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.13 | POSITIVE | The high ADX value value for RR suggests a strong trend. |
3.74
+0.02 (+0.54%)
RICHTECH ROBOTICS INC-CL B / RR FAQ
Can you provide the ChartMill technical rating for RICHTECH ROBOTICS INC-CL B?
ChartMill assigns a technical rating of 6 / 10 to RR.
What is the trend direction for RR stock?
The current trend direction for RICHTECH ROBOTICS INC-CL B (RR) is Bullish.
Can you provide the RSI signal for RICHTECH ROBOTICS INC-CL B?
RICHTECH ROBOTICS INC-CL B (RR) has an RSI value of 35.5522. This indicates that the stock is currently neutral.
What is the MACD signal for RR stock?
The MACD indicator for RICHTECH ROBOTICS INC-CL B (RR) has a value of -0.274697, indicating a bearish trend.
Can you provide the support and resistance levels for RICHTECH ROBOTICS INC-CL B?
RICHTECH ROBOTICS INC-CL B (RR) has a support level at 3.73 and a resistance level at 5.33. Check the full technical report for our detailed analysis of RR support and resistance levels.