NECESSITY RETAIL REIT INC/TH (RTL) Stock Technical Analysis
USA - NASDAQ:RTL - US02607T1097 - REIT
7.61 USD
+0.08 (+1.06%)
7.61 USD
0 (0%)
Taking everything into account, RTL scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RTL is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
RTL is one of the better performing stocks in the Diversified REITs industry, it outperforms 88% of 129 stocks in the same industry.
A new 52 week high is currently being made by RTL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month RTL has a been trading in the 6.71 - 7.66 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RTL has an average volume of 1151420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RTL did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RTL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.62. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
6.73
7.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.96 to 7.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.80 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.62 to 7.62. 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 RTL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RTL is up. |
| ChartMill Relative Strength | 70.42 | POSITIVE | RTL has a high relative strength, it outperformed 70.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RTL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RTL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RTL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.83 | NEUTRAL | The RSI value for RTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RTL has a positive trend. |
| Stochastics (14,3) | 86.82 | OVERBOUGHT | The high Stochastics value suggests RTL may be overbought. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for RTL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.2 | NEGATIVE | The low ADX value for RTL 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)
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 |
|---|---|---|---|
| 7.63 | 6.70 | 0.93 (12.19%) | 8.20% |
| An entry @7.63. This is a Buy Stop order right above the resistance zone. | An exit @6.70. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.93 points, which is 12.19%. | When investing 8.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
7.61
+0.08 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1.06%
1 Week11.75%
2 Weeks8.1%
1 Month2.98%
3 Month8.1%
6 Month26.62%
12 Month5.84%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%3.32%
ATR Inc-6.55%
Range Today0.2
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
CRS70.42
Mansfield0.74
10 Day High7.66
10 Day Low6.71
20 Day High7.66
20 Day Low6.71
52 Week High7.66
52 Week Low4.45
CS1 End7.05
CR1 Start7.62
Volume & EV
DER(3)-1.76%
DER(5)-0.62%
Volume10.27M
Volume Incr378.51%
Vol(5)4.36M
Vol(50)1.15M