RESERVOIR MEDIA INC (RSVR) Stock Technical Analysis
USA - NASDAQ:RSVR - US76119X1054 - Common Stock
7.73 USD
-0.07 (-0.9%)
7.73 USD
0 (0%)
We assign a technical rating of 1 out of 10 to RSVR. RSVR performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
80% of all other stocks performed better in the past year than RSVR.
RSVR is part of the Entertainment industry. There are 80 other stocks in this industry, of which 60% are performing better than RSVR.
In the last month RSVR has a been trading in the 7.65 - 8.17 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
RSVR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RSVR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.97
8.46
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.58 to 7.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.34 from a trend line in the weekly time frame.
- Support @7.21 from a horizontal line in the daily time frame.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.79 to 7.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.05 to 8.07. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for RSVR is down. |
| ChartMill Relative Strength | 20.8 | NEGATIVE | RSVR has a low relative strength, it was outperformed by 79.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RSVR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RSVR is below a declining 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) | 44.68 | NEUTRAL | The RSI value for RSVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RSVR has a negative trend. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for RSVR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for RSVR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.1 | 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)
7.73
-0.07 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.9%
1 Week-2.52%
2 Weeks-1.15%
1 Month-2.52%
3 Month-3.25%
6 Month8.87%
12 Month-11.45%
2 Year37.3%
3 Year33.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%2.81%
ATR Inc-40.1%
Range Today0.14
ADR(20)0.21
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.8
Mansfield-1.31
10 Day High8.17
10 Day Low7.65
20 Day High8.17
20 Day Low7.65
52 Week High9.83
52 Week Low6.56
CS1 End7.64
CR1 Start7.79
Volume & EV
DER(3)8.36%
DER(5)3.79%
Volume66.10K
Volume Incr-5.14%
Vol(5)54.29K
Vol(50)58.68K