We assign a technical rating of 1 out of 10 to RSVR. RSVR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, RSVR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.43, 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
6.97
3 important support areas can be observed.
- A support zone ranging from 7.33 to 7.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.50 to 7.60. 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.
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 | 26.95 | NEGATIVE | RSVR has a low relative strength, it was outperformed by 73.05% 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 | MIXED | The current price of RSVR is above 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) | 47.57 | NEUTRAL | The RSI value for RSVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RSVR has a negative trend. |
| Stochastics (14,3) | 33.55 | NEUTRAL | The Stochastics value for RSVR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for RSVR suggests low volalility. |
| Average Directional Index/ADX (14) | 7.25 | NEGATIVE | The low ADX value for RSVR suggests a weak or negative trend. |
7.45
-0.03 (-0.4%)
RESERVOIR MEDIA INC / RSVR FAQ
What is the ChartMill technical rating of RESERVOIR MEDIA INC (RSVR) stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for RESERVOIR MEDIA INC (RSVR) stock?
RESERVOIR MEDIA INC (RSVR) has an RSI value of 47.5706. This indicates that the stock is currently neutral.
What is the MACD signal for RSVR stock?
The MACD indicator for RESERVOIR MEDIA INC (RSVR) has a value of -0.00479408, indicating a bearish trend.