Taking everything into account, RRR scores 8 out of 10 in our technical rating. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- RRR is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry. RRR outperforms 91% of them.
- RRR 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.
- When comparing the yearly performance of all stocks, we notice that RRR is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month RRR has a been trading in the 60.17 - 64.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RRR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 63.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.97, 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
52.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 60.11 to 62.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.65 from a trend 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 63.14 to 63.66. 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 RRR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRR is neutral. |
| ChartMill Relative Strength | 84.79 | POSITIVE | RRR has a high relative strength, it outperformed 84.79% 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) | 56.47 | NEUTRAL | The RSI value for RRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RRR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.86 | NEUTRAL | The Stochastics value for RRR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 10.73 | NEGATIVE | The low ADX value for RRR suggests a weak or negative 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 |
|---|---|---|---|
| 63.67 | 60.16 | 3.51 (5.51%) | 18.14% |
| An entry @63.67. This is a Buy Stop order right above the resistance zone. | An exit @60.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.51 points, which is 5.51%. | When investing 18.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
63.13
+0.68 (+1.09%)
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 8 / 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 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 56.4664. 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 -0.0898902, 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 neutral.