RINGCENTRAL INC-CLASS A (RNG)
US76680R2067 - Common Stock
Overall RNG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RNG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
RNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RNG is lagging the market slightly.
RNG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RNG has an average volume of 1240560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RNG is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
RNG is part of the Software industry. There are 278 other stocks in this industry, RNG did better than 55% of them.
Besides having an excellent technical rating, RNG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
26.72
39.39
We found 5 important support areas.
- A support zone ranging from 34.86 to 35.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.65 from a trend line in the daily time frame.
- Support @28.86 from a trend line in the weekly time frame.
- A support zone ranging from 27.81 to 27.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.68 to 37.98. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 38.80 to 39.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.49
Mansfield0.06
10 Day High39.27
10 Day Low34.13
20 Day High40.98
20 Day Low34.13
52 Week High40.98
52 Week Low26.98
Performance
1 Week2.3%
2 Weeks5.53%
1 Month3.59%
3 Month34.57%
6 Month10.12%
12 Month10.7%
2 Year6.67%
3 Year-79.85%
5 Year-77.61%
10 Year153.08%
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)0.02
RSI(14)58.21
LBB34.1
UBB39.5
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 |
|---|---|---|---|
| 37.99 | 37.67 | 0.32 (0.84%) | 25.00% |
| An entry @37.99. This is a Buy Stop order right above the resistance zone. | An exit @37.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 0.84%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RNG. 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.
RINGCENTRAL INC-CLASS A
NYSE:RNG (12/3/2024, 12:39:47 PM)
37.38
-0.38 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.01%
1 Week2.3%
2 Weeks5.53%
1 Month3.59%
3 Month34.57%
6 Month10.12%
12 Month10.7%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.42
ATR(20)%4.17%
ATR Inc
Range Today1.13
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High39.27
10 Day Low34.13
20 Day High40.98
20 Day Low34.13
52 Week High40.98
52 Week Low26.98
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.79M
Volume Incr-34.55%
Vol(5)878.30K
Vol(50)1.24M