RYERSON HOLDING CORP (RYI) Stock Technical Analysis
USA - NYSE:RYI - US7837541041 - Common Stock
Overall RYI gets a technical rating of 6 out of 10. RYI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, RYI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.16, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
20.18
2 important support areas can be observed.
- A support zone ranging from 21.77 to 22.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.38 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 22.27 to 22.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.83 to 23.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.91 to 24.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.56 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 | UP | POSITIVE | The long term trend for RYI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RYI is neutral. |
| ChartMill Relative Strength | 65.92 | NEUTRAL | RYI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RYI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RYI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RYI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | NEUTRAL | The RSI value for RYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RYI has a positive trend. |
| Stochastics (14,3) | 71.42 | NEUTRAL | The Stochastics value for RYI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for RYI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.2 | NEGATIVE | The low ADX value for RYI suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 23.09 | 22.82 | 0.27 (1.19%) | 25.00% |
| An entry @23.09. This is a Buy Stop order right above the 10 day moving average. | An exit @22.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.27 points, which is 1.19%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RYI. Please evaluate whether better entry and exit points can be found.
- 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.
22.26
-1.32 (-5.6%)
RYERSON HOLDING CORP / RYI FAQ
Can you provide the ChartMill technical rating for RYERSON HOLDING CORP?
ChartMill assigns a technical rating of 7 / 10 to RYI.
What is the trend direction for RYI stock?
The current trend direction for RYERSON HOLDING CORP (RYI) is Bullish.
What is the RSI signal for RYERSON HOLDING CORP (RYI) stock?
RYERSON HOLDING CORP (RYI) has an RSI value of 54.8919. This indicates that the stock is currently neutral.
What is the MACD signal for RYI stock?
The MACD indicator for RYERSON HOLDING CORP (RYI) has a value of 0.0346964, indicating a bearish trend.