RED ROCK RESORTS INC-CLASS A (RRR) Stock Technical Analysis
USA - NASDAQ:RRR - US75700L1089 - Common Stock
61.34 USD
-0.33 (-0.54%)
61.23 USD
-0.11 (-0.18%)
Overall RRR gets a technical rating of 8 out of 10. Although RRR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
RRR is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. RRR outperforms 73% 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.
RRR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that RRR is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, RRR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
52.25
63.61
We found 2 important support areas.
- Support @60.07 from a trend line in the daily time frame.
- Support @52.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.37 to 62.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 79.3 | POSITIVE | RRR has a high relative strength, it outperformed 79.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RRR is below 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) | 55.35 | NEUTRAL | The RSI value for RRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests RRR has a negative trend. |
| Stochastics (14,3) | 44.12 | NEUTRAL | The Stochastics value for RRR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.26 | POSITIVE | The high ADX value value for RRR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 62.99 | 60.44 | 2.55 (4.05%) | 24.70% |
| An entry @62.99. This is a Buy Stop order right above the resistance zone. | An exit @60.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.55 points, which is 4.05%. | When investing 24.70% 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.
61.34
-0.33 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.54%
1 Week-1.48%
2 Weeks-2.57%
1 Month1.25%
3 Month28.51%
6 Month36.19%
12 Month13.17%
2 Year49.61%
3 Year79.04%
5 Year258.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%2.13%
ATR Inc-10.64%
Range Today1.34
ADR(20)1.3
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.3
Mansfield1.03
10 Day High63.26
10 Day Low60.45
20 Day High63.6
20 Day Low58.98
52 Week High63.6
52 Week Low35.09
CS1 End60.07
CR1 Start61.37
Volume & EV
DER(3)0.02%
DER(5)-1.31%
Volume314.40K
Volume Incr-44.91%
Vol(5)425.26K
Vol(50)790.34K