RENTOKIL INITIAL PLC-SP ADR (RTO) Stock Technical Analysis
NYSE:RTO • US7601251041
We assign a technical rating of 7 out of 10 to RTO. In the last year, RTO was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that RTO is one of the better performing stocks in the market, outperforming 78% of all stocks.
- RTO is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 78% of 80 stocks in the same industry.
- RTO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RTO is lagging the market slightly.
- RTO has an average volume of 1221150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month RTO has a been trading in the 30.04 - 33.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RTO 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 32.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.97, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.27 to 30.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.92 to 29.13. 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 32.55 to 33.46. 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 RTO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RTO is neutral. |
| ChartMill Relative Strength | 78.84 | POSITIVE | RTO has a high relative strength, it outperformed 78.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RTO is below a declining 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) | 54.09 | NEUTRAL | The RSI value for RTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests RTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.1 | NEUTRAL | The Stochastics value for RTO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for RTO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.82 | NEUTRAL | The ADX value for RTO suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 33.47 | 30.03 | 3.44 (10.28%) | 9.73% |
| An entry @33.47. This is a Buy Stop order right above the resistance zone. | An exit @30.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.44 points, which is 10.28%. | For a 1.00% total portfolio risk, you can invest 9.73% 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.
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+0.67 (+2.14%)
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 7 / 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 54.089. This indicates that the stock is currently neutral.
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 neutral.
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 30.97 and a resistance level at 32.55. Check the full technical report for our detailed analysis of RTO support and resistance levels.