We assign a technical rating of 10 out of 10 to RRR. Both in the recent history as in the last year, RRR has proven to be a steady performer, scoring decent points in every aspect analyzed.
RRR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 62.97. Right above this resistance zone may be a good entry point.
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52.26
We found 4 important support areas.
- A support zone ranging from 57.49 to 58.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.78 to 56.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.98 from a horizontal line in the daily time frame.
- Support @52.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 62.97 to 63.59. 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 RRR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRR is up. |
| ChartMill Relative Strength | 82.51 | POSITIVE | RRR has a high relative strength, it outperformed 82.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RRR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RRR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RRR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.17 | NEUTRAL | The RSI value for RRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests RRR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.19 | NEUTRAL | The Stochastics value for RRR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.05 | NEUTRAL | The ADX value for RRR suggests a possible start of a new 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 |
|---|---|---|---|
| 63.60 | 60.52 | 3.09 (4.85%) | 20.62% |
| An entry @63.60. This is a Buy Stop order right above the resistance zone. | An exit @60.52. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.09 points, which is 4.85%. | For a 1.00% total portfolio risk, you can invest 20.62% 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.
62.74
+0.69 (+1.11%)
RED ROCK RESORTS INC-CLASS A / RRR FAQ
Can you provide the ChartMill technical rating for RED ROCK RESORTS INC-CLASS A?
ChartMill assigns a technical rating of 10 / 10 to RRR.
Can you provide the trend direction for RED ROCK RESORTS INC-CLASS A?
The current trend direction for RED ROCK RESORTS INC-CLASS A (RRR) is Bullish.
What is the RSI signal for RED ROCK RESORTS INC-CLASS A (RRR) stock?
RED ROCK RESORTS INC-CLASS A (RRR) has an RSI value of 62.1731. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RED ROCK RESORTS INC-CLASS A?
The MACD indicator for RED ROCK RESORTS INC-CLASS A (RRR) has a value of 0.231249, indicating a bearish trend.
What is the buy/sell signal for RED ROCK RESORTS INC-CLASS A (RRR) stock?
The buy/sell signal for RED ROCK RESORTS INC-CLASS A (RRR) is buy as both the short term and long term trends are positive.