RICHTECH ROBOTICS INC-CL B (RR) Technical Analysis
NASDAQ:RR • US7655041058
Current stock price
RR Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RR. RR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 81% of all other stocks performed better in the past year than RR.
- RR is part of the Machinery industry. There are 131 other stocks in this industry, of which 76% are performing better than RR.
- RR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RR is lagging the market.
- In the last month RR has a been trading in the 1.96 - 2.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- RR has an average volume of 24120900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
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
1.98
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.98 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.09 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for RR is down. |
| ChartMill Relative Strength | 19.04 | NEGATIVE | RR has a low relative strength, it was outperformed by 80.96% 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) | DOWN | NEGATIVE | The current price of RR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.8 | NEUTRAL | The RSI value for RR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 10.15 | OVERSOLD | The low Stochastics value suggests RR may be oversold. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for RR suggests high volalility. |
| Average Directional Index/ADX (14) | 30.58 | POSITIVE | The high ADX value value for RR suggests a strong trend. |
RR Chart- and CandleStick Pattern Analysis
RR Technicals: Chart, Performance Metrics, Trend & Indicators
2
-0.1 (-4.76%)
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 0 / 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.
Can you provide the RSI signal for RICHTECH ROBOTICS INC-CL B?
RICHTECH ROBOTICS INC-CL B (RR) has an RSI value of 30.8001. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RICHTECH ROBOTICS INC-CL B?
The MACD indicator for RICHTECH ROBOTICS INC-CL B (RR) has a value of 0.0113029, indicating a bearish trend.
What is the buy/sell signal for RICHTECH ROBOTICS INC-CL B (RR) stock?
The buy/sell signal for RICHTECH ROBOTICS INC-CL B (RR) is sell as both the short term and long term trends are negative.