RWLK Technical Analysis - REWALK ROBOTICS LTD

Technical Rating and Analysis

Overall RWLK gets a technical rating of 9 out of 10. Both in the recent history as in the last year, RWLK has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

RWLK is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 86% of 191 stocks in the same industry.

When comparing the yearly performance of all stocks, we notice that RWLK is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

RWLK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RWLK is lagging the market.

In the last month RWLK has a been trading in the 0.72 - 1.30 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

REWALK ROBOTICS LTD / RWLK Weekly stock chart

REWALK ROBOTICS LTD / RWLK Daily stock chart

Setup Rating and Analysis

RWLK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.67

1.06

4 important support areas can be observed.

Support @0.96 from a trend line in the daily time frame.
A support zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.68 from a trend line in the weekly time frame.

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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 RWLK is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RWLK is up.
ChartMill Relative Strength	87.06	POSITIVE	RWLK has a high relative strength, it outperformed 87.06% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RWLK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RWLK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RWLK is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.95	NEUTRAL	The RSI value for RWLK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests RWLK has a negative trend, although the MACD value is rising.
Stochastics (14,3)	31.29	NEUTRAL	The Stochastics value for RWLK is a neutral value.
Average True Range in percent/ATR (20)	10.17	HIGH VOLATILITY	The high ATR as a percentage value for RWLK suggests high volalility.
Average Directional Index/ADX (14)	24.06	NEUTRAL	The ADX value for RWLK suggests a possible start of a new trend.