RESHAPE LIFESCIENCES INC (RSLS) Stock Technical Analysis
NASDAQ:RSLS - US76090R3093 - Common Stock
3.92 USD
+0.72 (+22.5%)
3.22 USD
-0.7 (-17.86%)
Taking everything into account, RSLS scores 1 out of 10 in our technical rating. RSLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RSLS is a bad performer in the overall market: 99% of all stocks are doing better.
RSLS is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 91% of 187 stocks in the same industry do better.
RSLS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RSLS has a been trading in the 1.87 - 4.65 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RSLS has an average volume of 3223010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of RSLS 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
3.88
3.96
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 RSLS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RSLS is neutral. |
| ChartMill Relative Strength | 1.01 | NEGATIVE | RSLS has a low relative strength, it was outperformed by 98.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RSLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RSLS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RSLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.67 | NEUTRAL | The RSI value for RSLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests RSLS has a positive trend. |
| Stochastics (14,3) | 48.21 | NEUTRAL | The Stochastics value for RSLS is a neutral value. |
| Average True Range in percent/ATR (20) | 11.21 | HIGH VOLATILITY | The high ATR as a percentage value for RSLS suggests high volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for RSLS suggests a possible start of a new 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)
3.92
+0.72 (+22.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg22.5%
1 Week45.19%
2 Weeks60.66%
1 Month37.54%
3 Month-37.58%
6 Month-93.27%
12 Month-98.49%
2 Year-99.71%
3 Year-99.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%11.21%
ATR Inc689.8%
Range Today1.85
ADR(20)0.42
ADR(20)%10.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.01
Mansfield-9.52
10 Day High4.65
10 Day Low1.87
20 Day High4.65
20 Day Low1.87
52 Week High303.25
52 Week Low1.87
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)10.88%
DER(5)1.59%
Volume13.74M
Volume Incr2303.13%
Vol(5)11.67M
Vol(50)3.22M