Taking everything into account, RRR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RRR is showing a nice and steady performance.
RRR has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
52.26
3 important support areas can be observed.
- A support zone ranging from 57.49 to 58.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.35 from a trend line in the daily time frame.
- A support zone ranging from 52.79 to 53.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 62.39 to 63.59. 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 | 81.32 | POSITIVE | RRR has a high relative strength, it outperformed 81.32% 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) | 59.77 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 81.55 | OVERBOUGHT | The high Stochastics value suggests RRR may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 23.97 | NEUTRAL | The ADX value for RRR suggests a possible start of a new trend. |
62.05
-0.46 (-0.74%)
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 10 / 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 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 59.7725. 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 0.305078, indicating a bearish trend.
What is the buy/sell signal for RED ROCK RESORTS INC-CLASS A (RRR) stock?
The buy/sell signal for RED ROCK RESORTS INC-CLASS A (RRR) is buy as both the short term and long term trends are positive.