RED ROCK RESORTS INC-CLASS A (RRR) Stock Technical Analysis
NASDAQ:RRR - Nasdaq - US75700L1089 - Common Stock - Currency: USD
Overall RRR gets a technical rating of 7 out of 10. Although RRR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, RRR is a bad performer in the overall market: 62% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
RRR is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, RRR did better than 48% of them.
RRR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RRR is lagging the market slightly.
In the last month RRR has a been trading in the 44.28 - 50.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RRR has an excellent technical rating and 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
47.24
52.30
When analyzing the support we notice one important area.
- A support zone ranging from 47.72 to 47.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 47.93 to 48.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.06 to 50.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.78 from a horizontal line in the daily time frame.
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 | 38.38 | NEUTRAL | RRR is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of RRR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.12 | NEUTRAL | The RSI value for RRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests RRR has a negative trend. |
| Stochastics (14,3) | 46.49 | NEUTRAL | The Stochastics value for RRR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for RRR suggests some volalility. |
| Average Directional Index/ADX (14) | 33.67 | 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 |
|---|---|---|---|
| 48.26 | 47.71 | 0.55 (1.14%) | 25.00% |
| An entry @48.26. This is a Buy Stop order right above the resistance zone. | An exit @47.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.55 points, which is 1.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- The distance between exit and entry is rather small compared to the average daily movement of RRR. Please evaluate whether better entry and exit points can be found.
- 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.
47.73
-1.06 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.17%
1 Week-4.62%
2 Weeks-0.71%
1 Month1.23%
3 Month5.97%
6 Month-3.56%
12 Month-7.32%
2 Year2.03%
3 Year43.08%
5 Year337.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%2.84%
ATR Inc-14.65%
Range Today1.19
ADR(20)1.29
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.38
Mansfield-0.84
10 Day High50.47
10 Day Low47.57
20 Day High50.47
20 Day Low44.28
52 Week High61.73
52 Week Low35.09
CS1 End47.72
CR1 Start47.93
Volume & EV
DER(3)-2.58%
DER(5)-0.49%
Volume585.90K
Volume Incr-22.57%
Vol(5)586.80K
Vol(50)743.16K