RYERSON HOLDING CORP (RYI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RYI - US7837541041 - Common Stock
Taking everything into account, RYI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RYI is showing a nice and steady performance.
- RYI is one of the lesser performing stocks in the Metals & Mining industry. 70% of 156 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that RYI is one of the better performing stocks in the market, outperforming 87% of all stocks.
- RYI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RYI has a been trading in the 24.75 - 30.31 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, RYI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. 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
19.95
5 important support areas can be observed.
- A support zone ranging from 27.56 to 27.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 24.83 to 25.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @22.10 from a horizontal line in the daily time frame.
- Support @20.73 from a trend line in the weekly time frame.
- Support @20.15 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @29.32 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 | UP | POSITIVE | The short term trend for RYI is up. |
| ChartMill Relative Strength | 87.87 | POSITIVE | RYI has a high relative strength, it outperformed 87.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RYI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RYI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.69 | NEUTRAL | The RSI value for RYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RYI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.64 | OVERBOUGHT | The high Stochastics value suggests RYI may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for RYI suggests some volalility. |
| Average Directional Index/ADX (14) | 42.6 | POSITIVE | The high ADX value value for RYI suggests a strong 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 |
|---|---|---|---|
| 29.33 | 27.55 | 1.78 (6.07%) | 16.48% |
| An entry @29.33. This is a Buy Stop order right above the resistance zone. | An exit @27.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.78 points, which is 6.07%. | When investing 16.48% 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.
29.31
-0.72 (-2.4%)
RYERSON HOLDING CORP / RYI FAQ
Can you provide the ChartMill technical rating for RYERSON HOLDING CORP?
ChartMill assigns a technical rating of 10 / 10 to RYI.
Can you provide the trend direction for RYERSON HOLDING CORP?
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 65.6899. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RYERSON HOLDING CORP?
The short term momentum for RYERSON HOLDING CORP (RYI) is positive.
What is the buy/sell signal for RYI stock?
The buy/sell signal for RYERSON HOLDING CORP (RYI) is buy as both the short term and long term trends are positive.