RED RIVER BANCSHARES INC (RRBI) Stock Technical Analysis
NASDAQ:RRBI - Nasdaq - US75686R2022 - Common Stock - Currency: USD
Overall RRBI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RRBI is showing a nice and steady performance.
Warning: RRBI has an average volume of 10111 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RRBI did better than 80% of all other stocks. We also observe that the gains produced by RRBI over the past year are nicely spread over this period.
RRBI is part of the Banks industry. There are 395 other stocks in this industry. RRBI outperforms 71% of them.
RRBI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RRBI is lagging the market slightly.
In the last month RRBI has a been trading in the 54.05 - 59.37 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.
Besides having an excellent technical rating, RRBI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 57.24, a Stop Loss order could be placed below this zone.
More info and screens
45.00
60.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.85 to 57.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.96 to 49.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.45 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @60.06 from a horizontal 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 RRBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRBI is up. |
| ChartMill Relative Strength | 80.94 | POSITIVE | RRBI has a high relative strength, it outperformed 80.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RRBI is above the rising 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) | 61.38 | NEUTRAL | The RSI value for RRBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RRBI has a positive trend. |
| Stochastics (14,3) | 78.76 | NEUTRAL | The Stochastics value for RRBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for RRBI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for RRBI suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 60.07 | 56.05 | 4.02 (6.70%) | 14.93% |
| An entry @60.07. This is a Buy Stop order right above the resistance zone. | An exit @56.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.02 points, which is 6.70%. | When investing 14.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
58.5
-0.44 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.75%
1 Week3.5%
2 Weeks1.95%
1 Month3.21%
3 Month14.21%
6 Month7.38%
12 Month21.9%
2 Year19.05%
3 Year8.17%
5 Year33.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%2.01%
ATR Inc17.55%
Range Today0.87
ADR(20)1.11
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.94
Mansfield0.18
10 Day High59.37
10 Day Low56.06
20 Day High59.37
20 Day Low54.05
52 Week High62.13
52 Week Low45.88
CS1 End57.24
CR1 Start60.06
Volume & EV
DER(3)2.07%
DER(5)1.93%
Volume26.57K
Volume Incr31.74%
Vol(5)15.41K
Vol(50)10.11K