Technical Analysis for RRIF - Rainforest Resources Inc

Grade Last Price % Change Price Change
grade A 6.85 5.38% 0.3500
RRIF closed up 5.38 percent on Monday, October 21, 2019, on 2.96 times normal volume. It was able to find support at its 50 day moving average. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical RRIF trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Reversal New Highs Setup Bullish Swing Setup 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%

Older signals for RRIF ...

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Profile
The vision of Rainforest Resources Inc, is to sustain forestry and to live in harmony with forestry in itself. Without harming the forest,we can make earth a better place, by allowing the worlds lungs to breath.
Forestry Forest Conservation Forest Certification
Is RRIF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Indicators
Indicator Value
52 Week High 9.45
52 Week Low 1.0
Average Volume 2,637
200-Day Moving Average 6.4308
50-Day Moving Average 5.539
20-Day Moving Average 5.698
10-Day Moving Average 5.757
Average True Range 0.6622
ADX 11.52
+DI 24.6586
-DI 23.6825
Chandelier Exit (Long, 3 ATRs ) 4.8634
Chandelier Exit (Short, 3 ATRs ) 6.0866
Upper Bollinger Band 6.9448
Lower Bollinger Band 4.4512
Percent B (%b) 0.96
BandWidth 43.762724
MACD Line 0.2328
MACD Signal Line 0.0949
MACD Histogram 0.1379
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.0250
Resistance 3 (R3) 8.7833 7.8167 8.6625
Resistance 2 (R2) 7.8167 7.2628 7.9375 8.5416
Resistance 1 (R1) 7.3333 6.9206 7.5750 7.5750 8.4208
Pivot Point 6.3667 6.3667 6.4875 6.4875 6.3667
Support 1 (S1) 5.8833 5.8128 6.1250 6.1250 5.2792
Support 2 (S2) 4.9167 5.4706 5.0375 5.1584
Support 3 (S3) 4.4333 4.9167 5.0375
Support 4 (S4) 4.6750