RACKSPACE TECHNOLOGY INC. - Daily - Technical analysis published on 06/19/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.99 USD
My targets
2.24 USD (+5.16%)
2.36 USD (+10.66%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on RACKSPACE TECHNOLOGY INC.. This is a positive signal for buyers. As long as the price remains above 1.99 USD, a purchase could be considered. The first bullish objective is located at 2.24 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.36 USD as an objective. Crossing it would then enable buyers to target 3.80 USD. In the event of a return below 1.99 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by dbean323. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RACKSPACE TECHNOLOGY INC. rating 2.13 USD. On the day, this instrument gained +0.00% and was between 2.04 USD and 2.17 USD. This implies that the price is at +4.41% from its lowest and at -1.84% from its highest.2.04
2.17
2.13
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RACKSPACE TECHNOLOGY INC.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of RACKSPACE TECHNOLOGY INC. in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.09 | 1.66 | 2.13 | 2.24 | 3.80 | 4.36 |
| Change (%) | -48.83% | -22.07% | - | +5.16% | +78.40% | +104.69% |
| Change | -1.04 | -0.47 | - | +0.11 | +1.67 | +2.23 |
| Level | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.93 | 1.98 | 2.06 | 2.11 | 2.19 | 2.24 | 2.32 |
| Camarilla | 2.09 | 2.11 | 2.12 | 2.13 | 2.14 | 2.15 | 2.17 |
| Woodie | 1.94 | 1.99 | 2.07 | 2.12 | 2.20 | 2.25 | 2.33 |
| Fibonacci | 1.98 | 2.03 | 2.06 | 2.11 | 2.16 | 2.19 | 2.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.29 | 1.71 | 1.94 | 2.36 | 2.59 | 3.01 |
| Camarilla | 1.95 | 2.01 | 2.07 | 2.13 | 2.19 | 2.25 | 2.31 |
| Woodie | 1.16 | 1.34 | 1.81 | 1.99 | 2.46 | 2.64 | 3.11 |
| Fibonacci | 1.29 | 1.54 | 1.69 | 1.94 | 2.19 | 2.34 | 2.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.62 | 0.83 | 1.20 | 1.41 | 1.78 | 1.99 | 2.36 |
| Camarilla | 1.40 | 1.45 | 1.51 | 1.56 | 1.61 | 1.67 | 1.72 |
| Woodie | 0.69 | 0.87 | 1.27 | 1.45 | 1.85 | 2.03 | 2.43 |
| Fibonacci | 0.83 | 1.06 | 1.19 | 1.41 | 1.64 | 1.77 | 1.99 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.34 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 19.47 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 1.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.66 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 1.55 | |
| Zig ZAG (10): | 2.13 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 94.05 | |
| TEMA (21): | 2.08 | |
| Williams %R (14): | -5.06 | |
| Chande Momentum Oscillator (20): | 0.57 | |
| Repulse (5,40,3): | 12.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8800 | |
| Courbe Coppock: | 81.24 |
| MA7: | 1.89 | |
| MA20: | 1.64 | |
| MA50: | 1.58 | |
| MA100: | 2.01 | |
| MAexp7: | 1.96 | |
| MAexp20: | 1.72 | |
| MAexp50: | 1.70 | |
| MAexp100: | 2.10 | |
| Price / MA7: | +12.70% | |
| Price / MA20: | +29.88% | |
| Price / MA50: | +34.81% | |
| Price / MA100: | +5.97% | |
| Price / MAexp7: | +8.67% | |
| Price / MAexp20: | +23.84% | |
| Price / MAexp50: | +25.29% | |
| Price / MAexp100: | +1.43% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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