Amira Nature Foods Ltd (RYCE) Stock Technical Analysis
NYSE:RYCE - New York Stock Exchange, Inc. -
Overall RYCE gets a technical rating of 1 out of 10. RYCE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RYCE is a bad performer in the overall market: 100% of all stocks are doing better.
RYCE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RYCE is lagging the market.
In the last month RYCE has a been trading in the 5.83 - 10.04 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Although the technical rating is bad, RYCE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
6.02
8.00
4 important support areas can be observed.
- Support @7.00 from a trend line in the daily time frame.
- Support @6.36 from a trend line in the daily time frame.
- Support @6.21 from a trend line in the weekly time frame.
- A support zone ranging from 6.08 to 6.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @7.16 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.86 to 7.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 RYCE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RYCE is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | RYCE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RYCE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RYCE is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 47.44 | NEUTRAL | The RSI value for RYCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RYCE has a positive trend. |
| Stochastics (14,3) | 17.79 | OVERSOLD | The low Stochastics value suggests RYCE may be oversold. |
| Average True Range in percent/ATR (20) | 11.98 | HIGH VOLATILITY | The high ATR as a percentage value for RYCE suggests high volalility. |
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)
NYSE:RYCE (8/17/2020, 8:04:00 PM)
7.02
+0.31 (+4.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.58%
1 Week6.85%
2 Weeks0.29%
1 Month3.54%
3 Month-40.94%
6 Month5.88%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%11.98%
ATR Inc-46.25%
Range Today0.3
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High7.4
10 Day Low6.47
20 Day High10.04
20 Day Low5.83
52 Week High24.6
52 Week Low3.64
CS1 End7
CR1 Start7.16
Volume & EV
DER(3)-14.74%
DER(5)0.15%
Volume12.16K
Volume Incr-81%
Vol(5)17.27K
Vol(50)43.13K