RACKSPACE TECHNOLOGY INC (RXT)
US7501021056 - Common Stock
Taking everything into account, RXT scores 6 out of 10 in our technical rating. In the last year, RXT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RXT is part of the IT Services industry. There are 86 other stocks in this industry. RXT outperforms 84% of them.
In the last month RXT has a been trading in the 1.51 - 1.87 range, which is quite wide. It is currently trading near the high of this range.
RXT has an average volume of 1371120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RXT did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
RXT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RXT is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, RXT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.75, a Stop Loss order could be placed below this zone.
More info and screens
1.12
2.18
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.72 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.65 from a trend line in the weekly time frame.
- Support @1.56 from a trend line in the daily time frame.
- Support @1.19 from a trend line in the weekly time frame.
- Support @1.13 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @1.99 from a trend line in the weekly time frame.
- Resistance @2.09 from a trend line in the daily time frame.
- Resistance @2.16 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.58
Mansfield-0.95
10 Day High1.87
10 Day Low1.57
20 Day High1.87
20 Day Low1.51
52 Week High3.1
52 Week Low1.05
Performance
1 Week4.29%
2 Weeks14.06%
1 Month3.11%
3 Month10.61%
6 Month29.43%
12 Month35.19%
2 Year-80.23%
3 Year-90.96%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)59.55
LBB1.51
UBB1.84
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.00 | 1.71 | 0.29 (14.50%) | 6.90% |
| An entry @2.00. This is a Buy Stop order right above the resistance zone. | An exit @1.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.29 points, which is 14.50%. | When investing 6.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RACKSPACE TECHNOLOGY INC
NASDAQ:RXT (5/3/2024, 7:16:46 PM)
After market: 1.825 0 (0%)1.825
+0.08 (+4.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg4.89%
1 Week4.29%
2 Weeks14.06%
1 Month3.11%
3 Month10.61%
6 Month29.43%
12 Month35.19%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.1
ATR(20)%5.65%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.87
10 Day Low1.57
20 Day High1.87
20 Day Low1.51
52 Week High3.1
52 Week Low1.05
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume753.40K
Volume Incr-42.31%
Vol(5)536.38K
Vol(50)1.37M