REZOLUTE INC (RZLT) Stock Technical Analysis
USA - NASDAQ:RZLT - US76200L3096 - Common Stock
Overall RZLT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RZLT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, RZLT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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7.92
When analyzing the support we can see 3 important areas.
- Support @8.83 from a trend line in the daily time frame.
- A support zone ranging from 8.42 to 8.49. 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 8.00 to 8.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @9.84 from a horizontal line in the daily 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 RZLT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RZLT is up. |
| ChartMill Relative Strength | 93.25 | POSITIVE | RZLT has a high relative strength, it outperformed 93.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RZLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RZLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RZLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for RZLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RZLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.42 | NEUTRAL | The Stochastics value for RZLT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for RZLT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.65 | POSITIVE | The high ADX value value for RZLT 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 |
|---|---|---|---|
| 9.85 | 8.82 | 1.03 (10.46%) | 9.56% |
| An entry @9.85. This is a Buy Stop order right above the resistance zone. | An exit @8.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.03 points, which is 10.46%. | For a 1.00% total portfolio risk, you can invest 9.56% of your capital in this trade. |
- 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.
9.32
-0.5 (-5.09%)
REZOLUTE INC / RZLT FAQ
What is the technical rating for RZLT stock?
ChartMill assigns a technical rating of 10 / 10 to RZLT.
What is the trend direction for RZLT stock?
The current trend direction for REZOLUTE INC (RZLT) is Bullish.
What is the RSI signal for RZLT stock?
REZOLUTE INC (RZLT) has an RSI value of 55.1449. This indicates that the stock is currently neutral.
What is the buy/sell signal for RZLT stock?
The buy/sell signal for REZOLUTE INC (RZLT) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for REZOLUTE INC (RZLT) stock?
REZOLUTE INC (RZLT) has a support level at 8.83 and a resistance level at 9.84. Check the full technical report for our detailed analysis of RZLT support and resistance levels.