RUSH ENTERPRISES INC - CL B (RUSHB) Stock Technical Analysis
NASDAQ:RUSHB - Nasdaq - US7818463082 - Common Stock - Currency: USD
Overall RUSHB gets a technical rating of 4 out of 10. RUSHB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
RUSHB is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, of which 61% are performing better than RUSHB.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the performance of all stocks over the past year, RUSHB turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
RUSHB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RUSHB is lagging the market.
In the last month RUSHB has a been trading in the 51.99 - 56.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, RUSHB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 56.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.64, a Stop Loss order could be placed below this zone.
More info and screens
49.34
60.13
2 important support areas can be observed.
- A support zone ranging from 52.81 to 54.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.84 to 51.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 56.19 to 56.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 57.46 to 58.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.53 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 | NEUTRAL | NEUTRAL | The long term trend for RUSHB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RUSHB is up. |
| ChartMill Relative Strength | 53.18 | NEUTRAL | RUSHB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RUSHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RUSHB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RUSHB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for RUSHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests RUSHB has a positive trend. |
| Stochastics (14,3) | 73.76 | NEUTRAL | The Stochastics value for RUSHB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for RUSHB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.46 | NEGATIVE | The low ADX value for RUSHB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
54.8
-0.32 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.58%
1 Week4.86%
2 Weeks0.15%
1 Month2.12%
3 Month-2.86%
6 Month-4.4%
12 Month16.82%
2 Year19.63%
3 Year51.52%
5 Year209.8%
10 Year431.92%
15 Year841.94%
Volatility
ATR(14)1.3
ATR(20)%2.7%
ATR Inc-34.88%
Range Today0.85
ADR(20)1.43
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.18
Mansfield-0.52
10 Day High55.31
10 Day Low51.99
20 Day High56.14
20 Day Low51.99
52 Week High61.55
52 Week Low41.01
CS1 End54.64
CR1 Start56.19
Volume & EV
DER(3)-2.13%
DER(5)-0.58%
Volume33.10K
Volume Incr-71.62%
Vol(5)26.26K
Vol(50)63.71K