RESERVOIR MEDIA INC (RSVR) Stock Technical Analysis
USA - NASDAQ:RSVR - US76119X1054 - Common Stock
Overall RSVR gets a technical rating of 0 out of 10. 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.
RSVR 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 7.28, 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.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.21 to 7.28. This zone is formed by a combination of multiple trend lines 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 4 important resistance areas.
- A resistance zone ranging from 7.38 to 7.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.64 to 7.71. 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.
- A resistance zone ranging from 8.23 to 8.24. This zone is formed by a combination of multiple trend lines 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 RSVR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RSVR is down. |
| ChartMill Relative Strength | 21.94 | NEGATIVE | RSVR has a low relative strength, it was outperformed by 78.06% 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) | 43.47 | 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. |
| Stochastics (14,3) | 32.79 | NEUTRAL | The Stochastics value for RSVR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for RSVR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.74 | NEGATIVE | The low ADX value for RSVR suggests a weak or negative trend. |
7.37
+0.04 (+0.55%)
RESERVOIR MEDIA INC / RSVR FAQ
What is the ChartMill technical rating of RESERVOIR MEDIA INC (RSVR) stock?
ChartMill assigns a technical rating of 0 / 10 to RSVR.
What is the trend direction for RSVR stock?
The current trend direction for RESERVOIR MEDIA INC (RSVR) is Bearish.
Can you provide the RSI signal for RESERVOIR MEDIA INC?
RESERVOIR MEDIA INC (RSVR) has an RSI value of 43.4662. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RESERVOIR MEDIA INC?
The MACD indicator for RESERVOIR MEDIA INC (RSVR) has a value of 0.000825189, indicating a bearish trend.
What is the support and resistance level for RSVR stock?
RESERVOIR MEDIA INC (RSVR) has a support level at 7.28 and a resistance level at 7.38. Check the full technical report for our detailed analysis of RSVR support and resistance levels.