RESERVOIR MEDIA INC (RSVR) Technical Analysis
NASDAQ:RSVR • US76119X1054
Overall RSVR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RSVR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- RSVR is part of the Entertainment industry. There are 80 other stocks in this industry. RSVR outperforms 84% of them.
- RSVR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RSVR is lagging the market slightly.
- In the last month RSVR has a been trading in the 7.44 - 10.32 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, RSVR did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
Although RSVR 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
6.99
We found 4 important support areas.
- Support @7.72 from a trend line in the daily time frame.
- A support zone ranging from 7.45 to 7.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @7.30 from a horizontal line in the daily time frame.
- Support @7.06 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for RSVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSVR is up. |
| ChartMill Relative Strength | 86.87 | POSITIVE | RSVR has a high relative strength, it outperformed 86.87% off all stocks 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) | UP | POSITIVE | The current price of RSVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.92 | OVERBOUGHT | The high RSI value suggests RSVR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests RSVR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.45 | OVERBOUGHT | The high Stochastics value suggests RSVR may be overbought. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for RSVR suggests some volalility. |
| Average Directional Index/ADX (14) | 38.99 | POSITIVE | The high ADX value value for RSVR suggests a strong trend. |
RSVR Technicals: Chart, Performance Metrics, Trend & Indicators
9.83
-0.02 (-0.2%)
RESERVOIR MEDIA INC / RSVR FAQ
What is the ChartMill technical rating of RESERVOIR MEDIA INC (RSVR) stock?
ChartMill assigns a technical rating of 9 / 10 to RSVR.
What is the current trend direction of RESERVOIR MEDIA INC (RSVR) stock?
The current trend direction for RESERVOIR MEDIA INC (RSVR) is Bullish.
What is the RSI signal for RESERVOIR MEDIA INC (RSVR) stock?
RESERVOIR MEDIA INC (RSVR) has an RSI value of 78.9198. This indicates that the stock is currently overbought.
What is the MACD signal for RSVR stock?
The MACD indicator for RESERVOIR MEDIA INC (RSVR) has a value of 0.151437, indicating a bearish trend.
What is the buy/sell signal for RSVR stock?
The buy/sell signal for RESERVOIR MEDIA INC (RSVR) is buy as both the short term and long term trends are positive.