REVANCE THERAPEUTICS INC (RVNC) Stock Technical Analysis
NASDAQ:RVNC - Nasdaq - US7613301099 - Common Stock - Currency: USD
Taking everything into account, RVNC scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RVNC was also a bad performer in the overall market in the last year.
87% of all other stocks performed better in the past year than RVNC.
RVNC is one of the lesser performing stocks in the Pharmaceuticals industry. 62% of 194 stocks in the same industry do better.
RVNC 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.
RVNC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RVNC has an average volume of 3110220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RVNC has a bad technical rating, but it does show a decent setup pattern. 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.
More info and screens
2.99
5.03
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.
When analyzing the resistance we notice 4 important 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. |
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)
3.65
+0.01 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.27%
1 Week0.27%
2 Weeks0%
1 Month5.19%
3 Month-1.35%
6 Month3.4%
12 Month-38.24%
2 Year-89.48%
3 Year-73.1%
5 Year-84.21%
10 Year-77.26%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%2.13%
ATR Inc-71.25%
Range Today0.01
ADR(20)0.06
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.45
Mansfield-2.18
10 Day High3.69
10 Day Low3.62
20 Day High3.7
20 Day Low3.23
52 Week High7.56
52 Week Low2.3
CS1 End3.64
CR1 Start3.69
Volume & EV
DER(3)-0.08%
DER(5)0%
Volume4.12M
Volume Incr26.12%
Vol(5)3.76M
Vol(50)3.11M