RACKSPACE TECHNOLOGY INC (RXT) Stock Technical Analysis
USA - NASDAQ:RXT - US7501021056 - Common Stock
1.76 USD
-0.07 (-3.83%)
1.79 USD
+0.03 (+1.7%)
We assign a technical rating of 7 out of 10 to RXT. In the last year, RXT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RXT has a been trading in the 1.32 - 1.86 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RXT has an average volume of 1044770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, RXT turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
RXT is an average performer in the IT Services industry, it outperforms 59% of 85 stocks in the same industry.
RXT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RXT is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RXT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.21
3.01
4 important support areas can be observed.
- A support zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.35 from a horizontal line in the daily time frame.
- Support @1.24 from a trend line in the daily time frame.
- Support @1.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @2.98 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for RXT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RXT is up. |
| ChartMill Relative Strength | 43.29 | NEUTRAL | RXT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RXT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RXT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.68 | NEUTRAL | The RSI value for RXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RXT has a positive trend. |
| Stochastics (14,3) | 80.14 | OVERBOUGHT | The high Stochastics value suggests RXT may be overbought. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for RXT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.08 | POSITIVE | The high ADX value value for RXT 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)
1.76
-0.07 (-3.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.83%
1 Week23.94%
2 Weeks32.33%
1 Month26.62%
3 Month32.83%
6 Month27.54%
12 Month-29.32%
2 Year44.26%
3 Year-65.83%
5 Year-88.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.36%
ATR Inc139.6%
Range Today0.14
ADR(20)0.11
ADR(20)%6.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.29
3 months CRS90.4
6 months CRS75.01
Mansfield-1.35
10 Day High1.86
10 Day Low1.33
20 Day High1.86
20 Day Low1.33
52 Week High3.41
52 Week Low1
CS1 End1.4
CR1 Start2.98
Volume & EV
DER(3)2.86%
DER(5)2.21%
Volume1.46M
Volume Incr109.25%
Vol(5)1.80M
Vol(50)1.04M
RACKSPACE TECHNOLOGY INC / RXT FAQ
What is the ChartMill technical rating of RACKSPACE TECHNOLOGY INC (RXT) stock?
ChartMill assigns a technical rating of 7 / 10 to RXT.
What is the trend direction for RXT stock?
The current trend direction for RACKSPACE TECHNOLOGY INC (RXT) is Bearish.
What is the RSI signal for RXT stock?
RACKSPACE TECHNOLOGY INC (RXT) has an RSI value of 64.6774. This indicates that the stock is currently neutral.
What is the short term momentum for RACKSPACE TECHNOLOGY INC (RXT) stock?
The short term momentum for RACKSPACE TECHNOLOGY INC (RXT) is positive.