Overall RRR gets a technical rating of 4 out of 10. In the last year, RRR was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, RRR does present a nice setup opportunity. Prices have been consolidating lately. 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 56.26, a Stop Loss order could be placed below this zone.
More info and screens
51.76
We found 3 important support areas.
- A support zone ranging from 55.40 to 56.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.37 from a trend line 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.
We found 1 important resistance area.
- A resistance zone ranging from 61.35 to 62.98. 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 | NEUTRAL | NEUTRAL | The long term trend for RRR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRR is neutral. |
| ChartMill Relative Strength | 66.75 | NEUTRAL | RRR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of RRR is above 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) | 56.24 | 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) | 61.38 | NEUTRAL | The Stochastics value for RRR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.57 | NEGATIVE | The low ADX value for RRR suggests a weak or negative trend. |
58.83
+0.85 (+1.47%)
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 4 / 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 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 56.2352. 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 0.306112, indicating a bearish trend.