RWAY Technical Analysis - RAI WAY SPA

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to RWAY. RWAY has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

RWAY 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 RWAY is lagging the market slightly.

When comparing the performance of all stocks over the past year, RWAY turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.

RWAY is an average performer in the Diversified Telecommunication Services industry, it outperforms 55% of 30 stocks in the same industry.

In the last month RWAY has a been trading in a tight range between 5.89 and 6.22.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, RWAY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 6.01, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.39

6.34

2 important support areas can be observed.

A support zone ranging from 5.81 to 5.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @5.44 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 6.00 to 6.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 6.21 to 6.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 RWAY.MI is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RWAY.MI is neutral.
ChartMill Relative Strength	46.25	NEUTRAL	RWAY.MI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RWAY.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of RWAY.MI is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RWAY.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.58	NEUTRAL	The RSI value for RWAY.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests RWAY.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	31.14	NEUTRAL	The Stochastics value for RWAY.MI is a neutral value.
Average True Range in percent/ATR (20)	1.41	LOW VOLATILITY	The low ATR as a percentage value for RWAY.MI suggests low volalility.
Average Directional Index/ADX (14)	12.81	NEGATIVE	The low ADX value for RWAY.MI suggests a weak or negative trend.