Roadrunner Transportation Systems, Inc. (RRTS) has a 20-day moving average signal of “Sell”. This short term signal isu sed to observe price changes. The trendspotter opinion is currently “Sell” and the strength level is “Minimum” and the direction is “Weakening”. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest.
Bollinger Bands are among the most popular and powerful of the many indicators that traders can choose from. As the name implies, Bollinger Bands are price channels that are plotted above and below price. The outer bands are based on volatility in price, which means that they expand when price fluctuates and trends strongly, and the Bands contract during sideways consolidations and low momentum trends. The 20-Day Bollinger Band currently is signaling a “Sell” for Roadrunner Transportation Systems, Inc. (RRTS). This indicator can be used to identify short-term overbought and oversold zones, to confirm divergences between prices and indicators and to predict future price targets.
Investors are often focused on stock price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent check, the stock’s first resistance level is 1.84, and the second resistance level is 1.92. On the other side, investors are watching the first support level of 1.65, and the second support level of 1.54.
Technical investors may be checking certain levels on Roadrunner Transportation Systems, Inc. (RRTS) shares. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 29.29. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Roadrunner Transportation Systems, Inc. (RRTS)’s Williams Percent Range or 14 day Williams %R is resting at -85.71. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
When performing stock analysis, investors and traders may opt to view technical levels. Roadrunner Transportation Systems, Inc. (RRTS) presently has a 14-day Commodity Channel Index (CCI) of -147.1. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.
Checking in on moving averages, the 200-day is at 5.97, the 50-day is 2.29, and the 7-day is sitting at 1.96. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Moving averages can be used to help smooth information in order to provide a clearer picture of what is going on with the stock. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. MA’s can be calculated for any time period, but two very popular time frames are the 50-day and 200-day moving averages.
Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 29.62, the 7-day is 20.59, and the 3-day is currently at 7.79 for Roadrunner Transportation Systems, Inc. (RRTS). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.