Overall RVNC gets a technical rating of 2 out of 10. In the past year, RVNC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, RVNC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.64, a Stop Loss order could be placed below this zone.
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2.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.62 to 3.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.16 to 3.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.02 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.69 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.76 from a trend line in the weekly time frame.
- Resistance @4.86 from a trend line in the daily time frame.
- Resistance @4.98 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RVNC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RVNC is up. |
| ChartMill Relative Strength | 13.45 | NEGATIVE | RVNC has a low relative strength, it was outperformed by 86.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RVNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RVNC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RVNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.52 | NEUTRAL | The RSI value for RVNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RVNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.37 | OVERBOUGHT | The high Stochastics value suggests RVNC may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for RVNC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.1 | POSITIVE | The high ADX value value for RVNC suggests a strong trend. |
3.65
+0.01 (+0.27%)
REVANCE THERAPEUTICS INC / RVNC FAQ
What is the technical rating for RVNC stock?
ChartMill assigns a technical rating of 2 / 10 to RVNC.
Can you provide the trend direction for REVANCE THERAPEUTICS INC?
The current trend direction for REVANCE THERAPEUTICS INC (RVNC) is Bearish.
Can you provide the RSI signal for REVANCE THERAPEUTICS INC?
REVANCE THERAPEUTICS INC (RVNC) has an RSI value of 59.52. This indicates that the stock is currently neutral.
What is the buy/sell signal for RVNC stock?
The buy/sell signal for REVANCE THERAPEUTICS INC (RVNC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for REVANCE THERAPEUTICS INC (RVNC) stock?
REVANCE THERAPEUTICS INC (RVNC) has a support level at 3.64 and a resistance level at 3.69. Check the full technical report for our detailed analysis of RVNC support and resistance levels.