Raging River Exploration (RRX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:RRX -
Taking everything into account, RRX scores 2 out of 10 in our technical rating. In the past year, RRX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of RRX is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.85
When analyzing the support we notice one important area.
- A support zone ranging from 5.91 to 5.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @6.45 from a trend line in the daily time frame.
- Resistance @6.85 from a trend line in the weekly time frame.
- Resistance @7.12 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RRX.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRX.CA is up. |
| ChartMill Relative Strength | 29 | NEGATIVE | RRX.CA has a low relative strength, it was outperformed by 71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RRX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RRX.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RRX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.19 | NEUTRAL | The RSI value for RRX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests RRX.CA has a positive trend. |
| Stochastics (14,3) | 86.34 | OVERBOUGHT | The high Stochastics value suggests RRX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for RRX.CA suggests some volalility. |
TSX:RRX (8/27/2018, 4:01:00 PM)
5.99
+0.18 (+3.1%)
Raging River Exploration / RRX.CA FAQ
What is the technical rating for RRX stock?
ChartMill assigns a technical rating of 2 / 10 to RRX.CA.
What is the trend direction for RRX stock?
The current trend direction for Raging River Exploration (RRX.CA) is Bearish.
Can you provide the RSI signal for Raging River Exploration?
Raging River Exploration (RRX.CA) has an RSI value of 63.1942. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Raging River Exploration?
The MACD indicator for Raging River Exploration (RRX.CA) has a value of 0.103328, indicating a bearish trend.
What are the support and resistance levels for Raging River Exploration (RRX.CA) stock?
Raging River Exploration (RRX.CA) has a support level at 5.98 and a resistance level at 6.45. Check the full technical report for our detailed analysis of RRX.CA support and resistance levels.