RACKSPACE TECHNOLOGY INC (RXT) Stock Technical Analysis
NASDAQ:RXT - Nasdaq - US7501021056 - Common Stock - Currency: USD
Overall RXT gets a technical rating of 1 out of 10. RXT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, RXT is a bad performer in the overall market: 95% of all stocks are doing better.
RXT is part of the IT Services industry. There are 81 other stocks in this industry, of which 85% are performing better than RXT.
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.
RXT has an average volume of 1028710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RXT has a been trading in the 1.00 - 1.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, RXT does present a nice setup opportunity. 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 1.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RXT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.18
3.06
2 important support areas can be observed.
- A support zone ranging from 1.26 to 1.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.19 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.43 to 1.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.98 from a horizontal line in the weekly time frame.
- Resistance @3.03 from a horizontal line in the daily 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 RXT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RXT is neutral. |
| ChartMill Relative Strength | 5.9 | NEGATIVE | RXT has a low relative strength, it was outperformed by 94.1% 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) | DOWN | MIXED | The current price of RXT is above a declining 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) | 53.15 | 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) | 36.87 | NEUTRAL | The Stochastics value for RXT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for RXT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for RXT suggests a possible start of a new 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)
1.3
+0.03 (+2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.36%
1 Week8.33%
2 Weeks-4.41%
1 Month12.07%
3 Month-21.21%
6 Month-41.18%
12 Month-56.38%
2 Year-52.21%
3 Year-81.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.88%
ATR Inc-5%
Range Today0.12
ADR(20)0.1
ADR(20)%7.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.9
Mansfield-4.33
10 Day High1.42
10 Day Low1.16
20 Day High1.47
20 Day Low1
52 Week High3.41
52 Week Low1
CS1 End1.27
CR1 Start1.43
Volume & EV
DER(3)2.49%
DER(5)3.57%
Volume3.73M
Volume Incr17.35%
Vol(5)1.44M
Vol(50)1.03M