NECESSITY RETAIL REIT INC/TH (RTL) Technical Analysis
NASDAQ:RTL • US02607T1097
Current stock price
RTL Technical Rating and Analysis
Overall RTL gets a technical rating of 7 out of 10. Although RTL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- RTL is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RTL is leading the market.
- 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.
- When comparing the yearly performance of all stocks, we notice that RTL is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- RTL is an average performer in the Diversified REITs industry, it outperforms 63% of 123 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RTL Weekly and Daily overview Charts
RTL Setup Rating and Analysis
Besides having an excellent technical rating, RTL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. 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
RTL Support and Resistance Analysis
6.73
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.
RTL Technical Indicator Signal Analysis
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. |
RTL Chart- and CandleStick Pattern Analysis
RTL Example Setup
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 trade has a worst case loss of 0.93 points, which is 12.19%. | For a 1.00% total portfolio risk, you can invest 8.20% 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.
RTL Technicals: Chart, Performance Metrics, Trend & Indicators
7.61
+0.08 (+1.06%)
NECESSITY RETAIL REIT INC/TH / RTL TA FAQ
What is the technical rating for RTL stock?
ChartMill assigns a technical rating of 7 / 10 to RTL.
Can you provide the trend direction for NECESSITY RETAIL REIT INC/TH?
The current trend direction for NECESSITY RETAIL REIT INC/TH (RTL) is Bullish.
Can you provide the RSI signal for NECESSITY RETAIL REIT INC/TH?
NECESSITY RETAIL REIT INC/TH (RTL) has an RSI value of 60.8317. This indicates that the stock is currently neutral.
What is the MACD signal for NECESSITY RETAIL REIT INC/TH (RTL) stock?
The MACD indicator for NECESSITY RETAIL REIT INC/TH (RTL) has a value of 0.0406876, indicating a bearish trend.
Can you provide the short term momentum for NECESSITY RETAIL REIT INC/TH?
The short term momentum for NECESSITY RETAIL REIT INC/TH (RTL) is positive.