RED HAT INC (RHT) Stock Technical Analysis
NYSE:RHT - New York Stock Exchange, Inc. -
Overall RHT gets a technical rating of 8 out of 10. Both in the recent history as in the last year, RHT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
RHT is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
RHT has an average volume of 1734460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RHT did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month RHT has a been trading in a tight range between 184.96 and 189.14.
RHT has an excellent technical rating and 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 187.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 187.59, a Stop Loss order could be placed below this zone.
More info and screens
171.21
190.33
We found 2 important support areas.
- A support zone ranging from 182.90 to 187.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 172.94 to 173.46. 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 187.75 to 188.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.09
Mansfield0.47
10 Day High188.44
10 Day Low186.8
20 Day High189.14
20 Day Low184.96
52 Week High189.14
52 Week Low115.31
Performance
1 Week-0.03%
2 Weeks0.09%
1 Month1.22%
3 Month2.93%
6 Month6.62%
12 Month27.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)59.06
LBB186.65
UBB188.74
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 |
|---|---|---|---|
| 188.46 | 186.79 | 1.67 (0.89%) | 25.00% |
| An entry @188.46. This is a Buy Stop order right above the resistance zone. | An exit @186.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.67 points, which is 0.89%. | For a 0.22% total portfolio risk, you can invest 25.00% 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.
187.71
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.03%
2 Weeks0.09%
1 Month1.22%
3 Month2.93%
6 Month6.62%
12 Month27.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.96
ATR(20)%0.49%
ATR Inc-70.85%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.09
Mansfield0.47
10 Day High188.44
10 Day Low186.8
20 Day High189.14
20 Day Low184.96
52 Week High189.14
52 Week Low115.31
CS1 End187.59
CR1 Start187.75
Volume & EV
DER(3)0.87%
DER(5)1.31%
Volume999.30K
Volume Incr-25.49%
Vol(5)1.60M
Vol(50)1.73M