RED ROCK RESORTS INC-CLASS A (RRR) Technical Analysis
NASDAQ:RRR • US75700L1089
Current stock price
RRR Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to RRR. Although RRR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- RRR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- RRR is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. RRR outperforms 83% of them.
- RRR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RRR is performing more or less in line with the market.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that RRR is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by RRR over the past year are nicely spread over this period. However, we also see that RRR couldn't keep up this performance in the last couple of months.
RRR Weekly and Daily overview Charts
RRR Setup Rating and Analysis
Although the technical rating is bad, RRR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 61.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.85, a Stop Loss order could be placed below this zone.
More info and screens
RRR Support and Resistance Analysis
51.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 56.21 to 56.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 52.28 to 53.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 61.35 to 61.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @66.79 from a horizontal line in the daily time frame.
RRR Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for RRR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RRR is down. |
| ChartMill Relative Strength | 74.83 | POSITIVE | RRR has a high relative strength, it outperformed 74.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RRR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RRR is below a declining 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) | 41.3 | NEUTRAL | The RSI value for RRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RRR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.56 | NEUTRAL | The Stochastics value for RRR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.51 | POSITIVE | The high ADX value value for RRR suggests a strong trend. |
RRR Chart- and CandleStick Pattern Analysis
RRR Technicals: Chart, Performance Metrics, Trend & Indicators
59.86
+1.71 (+2.94%)
RED ROCK RESORTS INC-CLASS A / RRR TA FAQ
Can you provide the ChartMill technical rating for RED ROCK RESORTS INC-CLASS A?
ChartMill assigns a technical rating of 3 / 10 to RRR.
What is the current trend direction of RED ROCK RESORTS INC-CLASS A (RRR) stock?
The current trend direction for RED ROCK RESORTS INC-CLASS A (RRR) is Bearish.
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 41.3035. This indicates that the stock is currently neutral.
What is the MACD signal for RED ROCK RESORTS INC-CLASS A (RRR) stock?
The MACD indicator for RED ROCK RESORTS INC-CLASS A (RRR) has a value of -0.125346, indicating a bearish trend.
What is the short term momentum for RRR stock?
The short term momentum for RED ROCK RESORTS INC-CLASS A (RRR) is negative.