RED RIVER BANCSHARES INC (RRBI) Stock Technical Analysis
USA - NASDAQ:RRBI - US75686R2022 - Common Stock
66.18 USD
+0.06 (+0.09%)
66.18 USD
0 (0%)
Overall RRBI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RRBI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: RRBI has an average volume of 13591 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RRBI is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, RRBI also shows a nice and consistent pattern of rising prices.
RRBI is one of the better performing stocks in the Banks industry, it outperforms 84% of 392 stocks in the same industry.
RRBI is currently trading near its 52 week high, which is a good sign. 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 63.91 - 67.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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 65.44, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
48.54
68.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 63.25 to 65.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.25 to 59.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 49.03 to 49.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @67.87 from a horizontal line in the daily 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 | 80.06 | POSITIVE | RRBI has a high relative strength, it outperformed 80.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RRBI is above 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) | 57.09 | NEUTRAL | The RSI value for RRBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RRBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.13 | NEUTRAL | The Stochastics value for RRBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for RRBI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for RRBI suggests a weak or negative 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 |
|---|---|---|---|
| 67.88 | 63.90 | 3.98 (5.86%) | 17.05% |
| An entry @67.88. This is a Buy Stop order right above the resistance zone. | An exit @63.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.98 points, which is 5.86%. | For a 1.00% total portfolio risk, you can invest 17.05% 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.
66.18
+0.06 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.09%
1 Week1.32%
2 Weeks2.16%
1 Month-0.14%
3 Month13.13%
6 Month29.21%
12 Month27.93%
2 Year43.99%
3 Year33.89%
5 Year53.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%2.07%
ATR Inc61.89%
Range Today1.48
ADR(20)1.29
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.06
Mansfield0.45
10 Day High67.98
10 Day Low63.91
20 Day High67.98
20 Day Low63.91
52 Week High67.98
52 Week Low46.33
CS1 End65.44
CR1 Start67.87
Volume & EV
DER(3)1.51%
DER(5)0.18%
Volume18.70K
Volume Incr82.71%
Vol(5)22.74K
Vol(50)13.59K