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 1 out of 10 to RRR. RRR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- RRR is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. RRR outperforms 72% of them.
- When compared to the yearly performance of all other stocks, RRR outperforms 65% of them, which is more or less in line with the market.
- RRR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RRR is lagging the market.
- In the last month RRR has a been trading in the 52.11 - 60.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RRR Weekly and Daily overview Charts
RRR Setup Rating and Analysis
RRR has a bad technical rating, but it does show 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 59.71. Right above this resistance zone may be a good entry point.
More info and screens
RRR Support and Resistance Analysis
51.66
We found 3 important support areas.
- A support zone ranging from 56.25 to 56.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 54.85 to 55.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.18 to 53.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 59.71 to 59.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @61.35 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 | DOWN | NEGATIVE | The long term trend for RRR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RRR is down. |
| ChartMill Relative Strength | 65.44 | NEUTRAL | RRR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RRR is above 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 | MIXED | The current price of RRR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.17 | NEUTRAL | The RSI value for RRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests RRR has a positive trend. |
| Stochastics (14,3) | 53.07 | NEUTRAL | The Stochastics value for RRR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.81 | 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
56.54
+0.34 (+0.6%)
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 1 / 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.
Can you provide the RSI signal for RED ROCK RESORTS INC-CLASS A?
RED ROCK RESORTS INC-CLASS A (RRR) has an RSI value of 47.1702. 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 0.306544, indicating a bearish trend.
What are the support and resistance levels for RED ROCK RESORTS INC-CLASS A (RRR) stock?
RED ROCK RESORTS INC-CLASS A (RRR) has a support level at 56.53 and a resistance level at 59.71. Check the full technical report for our detailed analysis of RRR support and resistance levels.