RESHAPE LIFESCIENCES INC (RSLS) Stock Technical Analysis
NASDAQ:RSLS - Nasdaq - US76090R3093 - Common Stock - Currency: USD
Taking everything into account, RSLS scores 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than RSLS.
RSLS is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 91% of 188 stocks in the same industry do better.
RSLS is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RSLS is lagging the market.
In the last month RSLS has a been trading in the 2.30 - 8.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RSLS has an average volume of 22224800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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 downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.57
3.72
When analyzing the resistance we notice one important area.
- Resistance @3.68 from a trend 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 | DOWN | NEGATIVE | The long term trend for RSLS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RSLS is down. |
| ChartMill Relative Strength | 0.19 | NEGATIVE | RSLS has a low relative strength, it was outperformed by 99.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RSLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RSLS is below 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) | 34 | NEUTRAL | The RSI value for RSLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests RSLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 4.56 | OVERSOLD | The low Stochastics value suggests RSLS may be oversold. |
| Average True Range in percent/ATR (20) | 34.71 | HIGH VOLATILITY | The high ATR as a percentage value for RSLS suggests high volalility. |
| Average Directional Index/ADX (14) | 25.11 | POSITIVE | The high ADX value value for RSLS 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)
2.6
-1.58 (-37.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-37.8%
1 Week-39.68%
2 Weeks-45.38%
1 Month-60.96%
3 Month-83.63%
6 Month-97.8%
12 Month-99.08%
2 Year-99.88%
3 Year-99.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.01
ATR(20)%34.71%
ATR Inc8.36%
Range Today0.45
ADR(20)0.71
ADR(20)%27.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.19
Mansfield-9.8
10 Day High8.29
10 Day Low2.3
20 Day High8.29
20 Day Low2.3
52 Week High414.99
52 Week Low2.3
CS1 EndN/A
CR1 Start3.68
Volume & EV
DER(3)-5.99%
DER(5)-5.49%
Volume2.45M
Volume Incr1219.85%
Vol(5)12.44M
Vol(50)22.22M