Overall RUSHA 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, RUSHA is only an average performer.
RUSHA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 56.55, a Stop Loss order could be placed below this zone. 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.
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47.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 55.76 to 56.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.75 to 48.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 56.69 to 56.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.95 from a horizontal line in the daily time frame.
- Resistance @62.96 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 RUSHA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RUSHA is up. |
| ChartMill Relative Strength | 48.74 | NEUTRAL | RUSHA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RUSHA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RUSHA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RUSHA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.66 | NEUTRAL | The RSI value for RUSHA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests RUSHA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.92 | NEUTRAL | The Stochastics value for RUSHA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for RUSHA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.79 | POSITIVE | The high ADX value value for RUSHA 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 |
|---|---|---|---|
| 56.71 | 55.75 | 0.96 (1.69%) | 25.00% |
| An entry @56.71. This is a Buy Stop order right above the resistance zone. | An exit @55.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.96 points, which is 1.69%. | For a 0.42% 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 RUSHA. 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.
56.56
-0.11 (-0.19%)
RUSH ENTERPRISES INC-CL A / RUSHA FAQ
What is the technical rating for RUSHA stock?
ChartMill assigns a technical rating of 8 / 10 to RUSHA.
What is the trend direction for RUSHA stock?
The current trend direction for RUSH ENTERPRISES INC-CL A (RUSHA) is Bullish.
What is the RSI signal for RUSHA stock?
RUSH ENTERPRISES INC-CL A (RUSHA) has an RSI value of 62.6628. This indicates that the stock is currently neutral.
What is the MACD signal for RUSHA stock?
The MACD indicator for RUSH ENTERPRISES INC-CL A (RUSHA) has a value of 0.103263, indicating a bearish trend.
What is the support and resistance level for RUSHA stock?
RUSH ENTERPRISES INC-CL A (RUSHA) has a support level at 56.55 and a resistance level at 56.69. Check the full technical report for our detailed analysis of RUSHA support and resistance levels.