RUSH ENTERPRISES INC - CL B (RUSHB) Stock Technical Analysis
NASDAQ:RUSHB - US7818463082 - Common Stock
58.04 USD
-0.68 (-1.16%)
58.04 USD
0 (0%)
Overall RUSHB gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RUSHB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RUSHB is one of the better performing stocks in the market, outperforming 78% of all stocks.
RUSHB 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 RUSHB is lagging the market slightly.
In the last month RUSHB has a been trading in the 52.25 - 60.00 range, which is quite wide. It is currently trading near the high of this range.
RUSHB is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, RUSHB did better than 53% of them.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, RUSHB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 59.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 57.60, a Stop Loss order could be placed below this zone.
More info and screens
49.34
60.43
When analyzing the support we can see 6 important areas.
- A support zone ranging from 56.74 to 57.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 54.89 to 55.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.98 from a trend line in the daily time frame.
- A support zone ranging from 52.84 to 52.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.27 from a horizontal line in the daily time frame.
- A support zone ranging from 49.84 to 50.30. 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 59.23 to 59.83. 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 RUSHB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RUSHB is up. |
| ChartMill Relative Strength | 78.06 | POSITIVE | RUSHB has a high relative strength, it outperformed 78.06% off all stocks 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) | UP | POSITIVE | The current price of RUSHB is above the rising 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) | 56.02 | NEUTRAL | The RSI value for RUSHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests RUSHB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.31 | NEUTRAL | The Stochastics value for RUSHB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for RUSHB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.74 | NEUTRAL | The ADX value for RUSHB suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 59.84 | 56.73 | 3.11 (5.20%) | 19.24% |
| An entry @59.84. This is a Buy Stop order right above the resistance zone. | An exit @56.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.11 points, which is 5.20%. | For a 1.00% total portfolio risk, you can invest 19.24% 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.
58.04
-0.68 (-1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.16%
1 Week-1.99%
2 Weeks3.59%
1 Month10.85%
3 Month11.16%
6 Month1.93%
12 Month23.38%
2 Year26.26%
3 Year71.92%
5 Year212.49%
10 Year477.58%
15 Year1035.56%
Volatility
ATR(14)1.84
ATR(20)%2.95%
ATR Inc-51.47%
Range Today0.72
ADR(20)1.59
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.06
Mansfield-0.13
10 Day High59.59
10 Day Low53.79
20 Day High60
20 Day Low52.25
52 Week High61.55
52 Week Low43.49
CS1 End57.6
CR1 Start59.23
Volume & EV
DER(3)0.36%
DER(5)-0.01%
Volume16.16K
Volume Incr-52.42%
Vol(5)28.97K
Vol(50)69.19K