RUBY TUESDAY INC (RT) Stock Technical Analysis
NYSE:RT - New York Stock Exchange, Inc. - US7811821005
Overall RT gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RT is a bad performer.
When comparing the yearly performance of all stocks, RT is a bad performer in the overall market: 73% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
RT has an average volume of 1412600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RT is lagging the market.
In the last month RT has a been trading in a tight range between 2.38 and 2.46.
Although the technical rating is only medium, RT 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 2.40, 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
2.03
2.45
We found 3 important support areas.
- A support zone ranging from 2.34 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.10 from a trend line in the weekly time frame.
- Support @2.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.42 to 2.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 RT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RT is up. |
| ChartMill Relative Strength | 27.98 | NEGATIVE | RT has a low relative strength, it was outperformed by 72.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.47 | NEUTRAL | The RSI value for RT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.67 | OVERSOLD | The low Stochastics value suggests RT may be oversold. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for RT suggests low volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.44 | 2.37 | 0.07 (2.87%) | 25.00% |
| An entry @2.44. This is a Buy Stop order right above the resistance zone. | An exit @2.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 2.87%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.4
+0.01 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.42%
1 Week0.42%
2 Weeks-0.41%
1 Month0%
3 Month13.74%
6 Month29.03%
12 Month-23.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.95%
ATR Inc-33.78%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.98
Mansfield-0.26
10 Day High2.46
10 Day Low2.38
20 Day High2.46
20 Day Low2.38
52 Week High3.58
52 Week Low1.69
CS1 End2.4
CR1 Start2.42
Volume & EV
DER(3)-0.58%
DER(5)0.11%
Volume3.36M
Volume Incr126.31%
Vol(5)1.57M
Vol(50)1.41M