RED RIVER BANCSHARES INC (RRBI) Stock Technical Analysis
NASDAQ:RRBI - Nasdaq - US75686R2022 - Common Stock - Currency: USD
Taking everything into account, RRBI scores 7 out of 10 in our technical rating. In the last year, RRBI was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month RRBI has a been trading in the 58.12 - 64.65 range, which is quite wide. It is currently trading near the lows of this range.
Warning: RRBI has an average volume of 15140 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, RRBI did better than 73% 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 393 other stocks in this industry. RRBI outperforms 73% 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Besides having an excellent technical rating, RRBI also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 60.16, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RRBI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
45.00
65.31
We found 3 important support areas.
- A support zone ranging from 58.92 to 60.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.03 to 49.45. 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.
We found 1 important resistance area.
- A resistance zone ranging from 64.11 to 64.66. 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 | DOWN | NEGATIVE | The short term trend for RRBI is down. |
| ChartMill Relative Strength | 73.45 | POSITIVE | RRBI has a high relative strength, it outperformed 73.45% 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) | 44.62 | NEUTRAL | The RSI value for RRBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests RRBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.58 | NEUTRAL | The Stochastics value for RRBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for RRBI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.01 | POSITIVE | The high ADX value value for RRBI suggests a strong 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 |
|---|---|---|---|
| 61.57 | 58.91 | 2.66 (4.32%) | 23.17% |
| An entry @61.57. This is a Buy Stop order right above the 10 day moving average. | An exit @58.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.66 points, which is 4.32%. | For a 1.00% total portfolio risk, you can invest 23.17% 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.
60.17
+0.23 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.38%
1 Week-1.1%
2 Weeks-6.68%
1 Month-4.45%
3 Month11.06%
6 Month7.83%
12 Month17.7%
2 Year22.77%
3 Year9.7%
5 Year50.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%2.57%
ATR Inc16.99%
Range Today1.17
ADR(20)1.45
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.45
Mansfield0.13
10 Day High64.5
10 Day Low58.12
20 Day High64.65
20 Day Low58.12
52 Week High64.65
52 Week Low46.33
CS1 End60.16
CR1 Start64.11
Volume & EV
DER(3)4.63%
DER(5)3.4%
Volume23.20K
Volume Incr-34.47%
Vol(5)12.86K
Vol(50)15.14K