RUSHA Technical Analysis - RUSH ENTERPRISES INC-CL A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to RUSHA. RUSHA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, RUSHA is a bad performer in the overall market: 77% of all stocks are doing better.

RUSHA is one of the lesser performing stocks in the Trading Companies & Distributors industry. 64% of 49 stocks in the same industry do better.

RUSHA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month RUSHA has a been trading in the 49.91 - 58.73 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RUSH ENTERPRISES INC-CL A / RUSHA Weekly stock chart

RUSH ENTERPRISES INC-CL A / RUSHA Daily stock chart

Setup Rating and Analysis

The technical rating of RUSHA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.30

58.90

We found 1 important support area.

A support zone ranging from 47.78 to 48.36. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 54.30 to 58.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for RUSHA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RUSHA is down.
ChartMill Relative Strength	23.49	NEGATIVE	RUSHA has a low relative strength, it was outperformed by 76.51% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RUSHA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RUSHA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RUSHA is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.76	OVERSOLD	The low RSI value suggests RUSHA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.75	NEGATIVE	The MACD value suggests RUSHA has a negative trend.
Stochastics (14,3)	6.33	OVERSOLD	The low Stochastics value suggests RUSHA may be oversold.
Average True Range in percent/ATR (20)	3.09	MEDIUM VOLATILITY	The ATR as a percentage value for RUSHA suggests some volalility.
Average Directional Index/ADX (14)	19.24	NEGATIVE	The low ADX value for RUSHA suggests a weak or negative trend.