RUSH ENTERPRISES INC-CL A (RUSHA) Technical Analysis
NASDAQ:RUSHA • US7818462092
Current stock price
RUSHA Technical Rating and Analysis
Taking everything into account, RUSHA scores 6 out of 10 in our technical rating. In the last year, RUSHA was one of the better performers, but we do observe some doubts in the very recent evolution.
- RUSHA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, RUSHA did better than 80% of all other stocks.
- RUSHA is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 82% of 47 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- RUSHA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RUSHA is lagging the market slightly.
RUSHA Weekly and Daily overview Charts
RUSHA Setup Rating and Analysis
Although the technical rating is only medium, RUSHA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 62.75, a Stop Loss order could be placed below this zone.
More info and screens
RUSHA Support and Resistance Analysis
47.88
2 important support areas can be observed.
- A support zone ranging from 61.59 to 62.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.36 to 48.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 63.02 to 64.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
RUSHA 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 RUSHA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RUSHA is down. |
| ChartMill Relative Strength | 80.33 | POSITIVE | RUSHA has a high relative strength, it outperformed 80.33% 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) | UP | MIXED | The current price of RUSHA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RUSHA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.73 | NEUTRAL | The RSI value for RUSHA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests RUSHA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.5 | NEUTRAL | The Stochastics value for RUSHA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for RUSHA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.34 | POSITIVE | The high ADX value value for RUSHA suggests a strong trend. |
RUSHA Chart- and CandleStick Pattern Analysis
RUSHA 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 |
|---|---|---|---|
| 64.11 | 61.58 | 2.53 (3.95%) | 25.00% |
| An entry @64.11. This is a Buy Stop order right above the resistance zone. | An exit @61.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.53 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The distance between exit and entry is rather small compared to the average daily movement of RUSHA. Please evaluate whether better entry and exit points can be found.
- 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.
RUSHA Technicals: Chart, Performance Metrics, Trend & Indicators
63.01
-0.1 (-0.16%)
RUSH ENTERPRISES INC-CL A / RUSHA TA FAQ
What is the technical rating for RUSHA stock?
ChartMill assigns a technical rating of 6 / 10 to RUSHA.
Can you provide the trend direction for RUSH ENTERPRISES INC-CL A?
The current trend direction for RUSH ENTERPRISES INC-CL A (RUSHA) is Bullish.
Can you provide the RSI signal for RUSH ENTERPRISES INC-CL A?
RUSH ENTERPRISES INC-CL A (RUSHA) has an RSI value of 37.7324. This indicates that the stock is currently neutral.
What is the MACD signal for RUSH ENTERPRISES INC-CL A (RUSHA) stock?
The MACD indicator for RUSH ENTERPRISES INC-CL A (RUSHA) has a value of -0.683044, indicating a bearish trend.
Can you provide the support and resistance levels for RUSH ENTERPRISES INC-CL A?
RUSH ENTERPRISES INC-CL A (RUSHA) has a support level at 62.75 and a resistance level at 63.02. Check the full technical report for our detailed analysis of RUSHA support and resistance levels.