RESEARCH SOLUTIONS INC (RSSS) Stock Technical Analysis
NASDAQ:RSSS - Nasdaq - US7610251057 - Common Stock - Currency: USD
Overall RSSS gets a technical rating of 1 out of 10. RSSS 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, RSSS is a bad performer in the overall market: 68% of all stocks are doing better.
RSSS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RSSS has a been trading in the 2.60 - 2.99 range, which is quite wide. It is currently trading near the lows of this range.
RSSS is part of the IT Services industry. There are 82 other stocks in this industry, RSSS did better than 43% of them.
RSSS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.38, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.33
3.13
When analyzing the support we notice one important area.
- A support zone ranging from 2.35 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.74 to 2.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.10 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 | DOWN | NEGATIVE | The long term trend for RSSS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RSSS is neutral. |
| ChartMill Relative Strength | 32.03 | NEUTRAL | RSSS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RSSS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RSSS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RSSS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.43 | NEUTRAL | The RSI value for RSSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RSSS has a negative trend. |
| Stochastics (14,3) | 19.76 | OVERSOLD | The low Stochastics value suggests RSSS may be oversold. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for RSSS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for RSSS suggests a weak or negative 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)
2.64
-0.14 (-5.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-5.04%
1 Week-5.38%
2 Weeks-4%
1 Month-10.81%
3 Month-5.38%
6 Month-32.82%
12 Month-1.12%
2 Year29.41%
3 Year48.31%
5 Year11.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%5.16%
ATR Inc65.66%
Range Today0.28
ADR(20)0.13
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.03
Mansfield-1.67
10 Day High2.99
10 Day Low2.6
20 Day High2.99
20 Day Low2.6
52 Week High4.24
52 Week Low2.32
CS1 End2.38
CR1 Start2.74
Volume & EV
DER(3)-15.78%
DER(5)-5.34%
Volume102.60K
Volume Incr87.71%
Vol(5)75.02K
Vol(50)56.15K