RENTOKIL INITIAL PLC-SP ADR (RTO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RTO - US7601251041 - ADR
We assign a technical rating of 10 out of 10 to RTO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RTO is showing a nice and steady performance.
Although RTO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
23.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 29.46 to 30.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.58 to 28.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.68 from a horizontal line in the daily time frame.
- Support @24.11 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 | UP | POSITIVE | The long term trend for RTO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RTO is up. |
| ChartMill Relative Strength | 84.73 | POSITIVE | RTO has a high relative strength, it outperformed 84.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RTO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.74 | OVERBOUGHT | The high RSI value suggests RTO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests RTO has a positive trend. |
| Stochastics (14,3) | 91.3 | OVERBOUGHT | The high Stochastics value suggests RTO may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for RTO suggests low volalility. |
| Average Directional Index/ADX (14) | 32.88 | POSITIVE | The high ADX value value for RTO suggests a strong trend. |
31.61
+0.15 (+0.48%)
RENTOKIL INITIAL PLC-SP ADR / RTO FAQ
Can you provide the ChartMill technical rating for RENTOKIL INITIAL PLC-SP ADR?
ChartMill assigns a technical rating of 10 / 10 to RTO.
Can you provide the trend direction for RENTOKIL INITIAL PLC-SP ADR?
The current trend direction for RENTOKIL INITIAL PLC-SP ADR (RTO) is Bullish.
Can you provide the RSI signal for RENTOKIL INITIAL PLC-SP ADR?
RENTOKIL INITIAL PLC-SP ADR (RTO) has an RSI value of 74.7364. This indicates that the stock is currently overbought.
What is the short term momentum for RENTOKIL INITIAL PLC-SP ADR (RTO) stock?
The short term momentum for RENTOKIL INITIAL PLC-SP ADR (RTO) is positive.
What are the support and resistance levels for RENTOKIL INITIAL PLC-SP ADR (RTO) stock?
RENTOKIL INITIAL PLC-SP ADR (RTO) has a support level at 30.44. Check the full technical report for our detailed analysis of RTO support and resistance levels.