Reinvent Technology Partners Cl A (RTP) Technical Analysis
NYSE:RTP
Current stock price
RTP Technical Rating and Analysis
Taking everything into account, RTP scores 4 out of 10 in our technical rating. In the last year, RTP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, RTP is a bad performer in the overall market: 100% of all stocks are doing better.
- RTP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RTP is lagging the market.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- In the last month RTP has a been trading in the 9.26 - 10.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- RTP has an average volume of 1347160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RTP Weekly and Daily overview Charts
RTP Setup Rating and Analysis
RTP has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
RTP Support and Resistance Analysis
9.80
We found 1 important support area.
- A support zone ranging from 9.90 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.04 to 10.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.51 from a horizontal line in the daily time frame.
RTP 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 RTP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RTP is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | RTP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RTP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RTP is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 50.97 | NEUTRAL | The RSI value for RTP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RTP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.93 | NEUTRAL | The Stochastics value for RTP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for RTP suggests some volalility. |
RTP Chart- and CandleStick Pattern Analysis
RTP Technicals: Chart, Performance Metrics, Trend & Indicators
10.03
-0.47 (-4.48%)
Reinvent Technology Partners Cl A / RTP TA FAQ
What is the technical rating for RTP stock?
ChartMill assigns a technical rating of 4 / 10 to RTP.
What is the current trend direction of Reinvent Technology Partners Cl A (RTP) stock?
The current trend direction for Reinvent Technology Partners Cl A (RTP) is Bullish.
Can you provide the RSI signal for Reinvent Technology Partners Cl A?
Reinvent Technology Partners Cl A (RTP) has an RSI value of 50.9683. This indicates that the stock is currently neutral.
What is the short term momentum for Reinvent Technology Partners Cl A (RTP) stock?
The short term momentum for Reinvent Technology Partners Cl A (RTP) is neutral.