RADIUS RECYCLING INC (RDUS) Stock Technical Analysis
NASDAQ:RDUS - Nasdaq - US8068821060 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to RDUS. Both in the recent history as in the last year, RDUS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, RDUS 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 a resistance zone just above the current price starting at 28.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.87, a Stop Loss order could be placed below this zone.
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28.24
When analyzing the support we notice one important area.
- A support zone ranging from 28.53 to 28.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 28.99 to 29.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 |
|---|---|---|---|
| 29.13 | 28.52 | 0.61 (2.09%) | 25.00% |
| An entry @29.13. This is a Buy Stop order right above the resistance zone. | An exit @28.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.61 points, which is 2.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of RDUS. 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.
28.88
-0.07 (-0.24%)