RYERSON HOLDING CORP (RYI) Stock Technical Analysis
USA - NYSE:RYI - US7837541041 - Common Stock
Taking everything into account, RYI scores 0 out of 10 in our technical rating. RYI'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 technical rating of RYI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.24
When analyzing the support we notice one important area.
- Support @20.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 22.10 to 22.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.14 to 24.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.60 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for RYI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RYI is down. |
| ChartMill Relative Strength | 22.37 | NEGATIVE | RYI has a low relative strength, it was outperformed by 77.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RYI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RYI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RYI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.69 | NEUTRAL | The RSI value for RYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests RYI has a negative trend. |
| Stochastics (14,3) | 26.33 | NEUTRAL | The Stochastics value for RYI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for RYI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.58 | NEGATIVE | The low ADX value for RYI suggests a weak or negative trend. |
20.78
+0.12 (+0.58%)
RYERSON HOLDING CORP / RYI FAQ
Can you provide the ChartMill technical rating for RYERSON HOLDING CORP?
ChartMill assigns a technical rating of 0 / 10 to RYI.
What is the trend direction for RYI stock?
The current trend direction for RYERSON HOLDING CORP (RYI) is Bearish.
What is the RSI signal for RYERSON HOLDING CORP (RYI) stock?
RYERSON HOLDING CORP (RYI) has an RSI value of 38.6854. 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 -0.278677, indicating a bearish trend.