We assign a technical rating of 10 out of 10 to RRBI. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, RRBI did better than 88% 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 one of the better performing stocks in the Banks industry, it outperforms 88% of 383 stocks in the same industry.
- RRBI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RRBI has a been trading in the 69.50 - 80.26 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RRBI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
48.54
We found 6 important support areas.
- A support zone ranging from 71.38 to 71.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.21 to 69.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.87 from a horizontal line in the daily time frame.
- Support @64.65 from a horizontal line in the daily time frame.
- Support @63.30 from a horizontal line in the daily time frame.
- Support @49.03 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 | 88.4 | POSITIVE | RRBI has a high relative strength, it outperformed 88.4% 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) | 71.56 | OVERBOUGHT | The high RSI value suggests RRBI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests RRBI has a positive trend. |
| Stochastics (14,3) | 89.68 | OVERBOUGHT | The high Stochastics value suggests RRBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for RRBI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for RRBI suggests a possible start of a new trend. |
79.27
+3.58 (+4.73%)
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 10 / 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 71.5614. This indicates that the stock is currently overbought.
What is the short term momentum for RRBI stock?
The short term momentum for RED RIVER BANCSHARES INC (RRBI) is positive.
Can you provide the support and resistance levels for RED RIVER BANCSHARES INC?
RED RIVER BANCSHARES INC (RRBI) has a support level at 71.96. Check the full technical report for our detailed analysis of RRBI support and resistance levels.