RESERVOIR MEDIA INC (RSVR) Stock Technical Analysis
NASDAQ:RSVR - US76119X1054 - Common Stock
7.85 USD
+0.02 (+0.26%)
7.85 USD
0 (0%)
Taking everything into account, RSVR scores 5 out of 10 in our technical rating. RSVR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, RSVR turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
RSVR is part of the Entertainment industry. There are 79 other stocks in this industry, RSVR did better than 55% of them.
RSVR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RSVR is lagging the market.
In the last month RSVR has a been trading in the 7.45 - 8.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, RSVR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.77, a Stop Loss order could be placed below this zone.
More info and screens
6.97
8.46
We found 3 important support areas.
- A support zone ranging from 7.56 to 7.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.21 to 7.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.04 to 7.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.87 to 8.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.24 from a horizontal line in the daily time frame.
- Resistance @8.38 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 | NEUTRAL | NEUTRAL | The long term trend for RSVR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RSVR is neutral. |
| ChartMill Relative Strength | 54.14 | NEUTRAL | RSVR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RSVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RSVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RSVR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.42 | NEUTRAL | The RSI value for RSVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RSVR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.33 | NEUTRAL | The Stochastics value for RSVR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for RSVR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for RSVR 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)
7.85
+0.02 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.26%
1 Week0%
2 Weeks1.42%
1 Month0.77%
3 Month7.53%
6 Month4.53%
12 Month7.09%
2 Year28.69%
3 Year60.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.43%
ATR Inc-23.73%
Range Today0.18
ADR(20)0.19
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.14
Mansfield-0.99
10 Day High8.14
10 Day Low7.62
20 Day High8.14
20 Day Low7.45
52 Week High9.83
52 Week Low6.56
CS1 End7.77
CR1 Start7.87
Volume & EV
DER(3)0.79%
DER(5)0.23%
Volume25.10K
Volume Incr-51.69%
Vol(5)32.24K
Vol(50)76.29K