We assign a technical rating of 8 out of 10 to RRBI. In the last year, RRBI was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, RRBI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 75.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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7 important support areas can be observed.
- A support zone ranging from 69.94 to 70.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.87 to 68.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.65 from a horizontal line in the daily time frame.
- Support @63.30 from a horizontal line in the daily time frame.
- A support zone ranging from 61.75 to 61.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.78 from a trend line in the weekly time frame.
- Support @49.03 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 75.31 to 75.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 RRBI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRBI is neutral. |
| ChartMill Relative Strength | 87.32 | POSITIVE | RRBI has a high relative strength, it outperformed 87.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RRBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RRBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RRBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.39 | NEUTRAL | The RSI value for RRBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests RRBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.51 | NEUTRAL | The Stochastics value for RRBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for RRBI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.36 | POSITIVE | The high ADX value value for RRBI suggests a strong trend. |
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 |
|---|---|---|---|
| 75.32 | 69.93 | 5.39 (7.16%) | 13.97% |
| An entry @75.32. This is a Buy Stop order right above the resistance zone. | An exit @69.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.39 points, which is 7.16%. | For a 1.00% total portfolio risk, you can invest 13.97% of your capital in this trade. |
- 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.
72.24
-0.94 (-1.28%)
RED RIVER BANCSHARES INC / RRBI FAQ
What is the ChartMill technical rating of RED RIVER BANCSHARES INC (RRBI) stock?
ChartMill assigns a technical rating of 8 / 10 to RRBI.
Can you provide the trend direction for RED RIVER BANCSHARES INC?
The current trend direction for RED RIVER BANCSHARES INC (RRBI) is Bullish.
What is the RSI signal for RRBI stock?
RED RIVER BANCSHARES INC (RRBI) has an RSI value of 51.3866. This indicates that the stock is currently neutral.
What is the short term momentum for RRBI stock?
The short term momentum for RED RIVER BANCSHARES INC (RRBI) is neutral.
Can you provide the support and resistance levels for RED RIVER BANCSHARES INC?
RED RIVER BANCSHARES INC (RRBI) has a support level at 70.64 and a resistance level at 75.31. Check the full technical report for our detailed analysis of RRBI support and resistance levels.