RSP PERMIAN INC (RSPP) Technical Analysis
NYSE:RSPP
Current stock price
RSPP Technical Rating and Analysis
Taking everything into account, RSPP 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, RSPP is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that RSPP is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by RSPP over the past year are nicely spread over this period.
- RSPP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RSPP is performing more or less in line with the market.
- In the last month RSPP has a been trading in the 39.39 - 48.19 range, which is quite wide. It is currently trading near the high of this range.
- RSPP has an average volume of 1742540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
RSPP Weekly and Daily overview Charts
RSPP Setup Rating and Analysis
Although RSPP has an excellent technical rating, the quality of the presented setup is not ideal 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
RSPP Support and Resistance Analysis
37.72
We found 6 important support areas.
- A support zone ranging from 44.30 to 44.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.17 from a horizontal line in the daily time frame.
- Support @41.60 from a trend line in the weekly time frame.
- Support @40.79 from a trend line in the daily time frame.
- Support @40.12 from a trend line in the daily time frame.
- Support @38.10 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @50.32 from a horizontal line in the daily time frame.
RSPP Technical Indicator Signal Analysis
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 RSPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSPP is up. |
| ChartMill Relative Strength | 82.71 | POSITIVE | RSPP has a high relative strength, it outperformed 82.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RSPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RSPP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RSPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67 | NEUTRAL | The RSI value for RSPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests RSPP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.42 | OVERBOUGHT | The high Stochastics value suggests RSPP may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for RSPP suggests some volalility. |
RSPP Chart- and CandleStick Pattern Analysis
RSPP Technicals: Chart, Performance Metrics, Trend & Indicators
47.83
+0.47 (+0.99%)
RSP PERMIAN INC / RSPP TA FAQ
What is the technical rating for RSPP stock?
ChartMill assigns a technical rating of 9 / 10 to RSPP.
What is the current trend direction of RSP PERMIAN INC (RSPP) stock?
The current trend direction for RSP PERMIAN INC (RSPP) is Bullish.
What is the RSI signal for RSP PERMIAN INC (RSPP) stock?
RSP PERMIAN INC (RSPP) has an RSI value of 66.9975. This indicates that the stock is currently neutral.
What is the buy/sell signal for RSPP stock?
The buy/sell signal for RSP PERMIAN INC (RSPP) is buy as both the short term and long term trends are positive.
What is the support and resistance level for RSPP stock?
RSP PERMIAN INC (RSPP) has a support level at 44.47 and a resistance level at 50.32. Check the full technical report for our detailed analysis of RSPP support and resistance levels.