RXT Technical Analysis - RACKSPACE TECHNOLOGY INC

Technical Rating and Analysis

Taking everything into account, RXT scores 6 out of 10 in our technical rating. In the last year, RXT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, RXT is a bad performer in the overall market: 82% of all stocks are doing better.

RXT 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.

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 1.11 - 1.52 range, which is quite wide. It is currently trading near the high of this range.

RXT is part of the IT Services industry. There are 86 other stocks in this industry, RXT did better than 43% of them.

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

RACKSPACE TECHNOLOGY INC / RXT Weekly stock chart

RACKSPACE TECHNOLOGY INC / RXT Daily stock chart

Setup Rating and Analysis

RXT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.36, 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

1.17

3.01

3 important support areas can be observed.

A support zone ranging from 1.35 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.20 from a trend line in the weekly time frame.
Support @1.18 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.98 from a horizontal line in the weekly time frame.

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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	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	18.12	NEGATIVE	RXT has a low relative strength, it was outperformed by 81.88% off all stocks 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	NEGATIVE	The current price of RXT is below a declining SMA(200).
Relative Strength Index/RSI (14)	59.33	NEUTRAL	The RSI value for RXT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests RXT has a positive trend.
Stochastics (14,3)	68.53	NEUTRAL	The Stochastics value for RXT is a neutral value.
Average True Range in percent/ATR (20)	6.55	HIGH VOLATILITY	The high ATR as a percentage value for RXT suggests high volalility.
Average Directional Index/ADX (14)	30.33	POSITIVE	The high ADX value value for RXT suggests a strong trend.