Technical analysis from Reading Intl (RDI, NASDAQ:RDI) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Reading Intl
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Chaikin Money Flow /
Reading Intl continues negative divergence & potential shift in direction

[BEARISH]: Reading Intl current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.19. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.44

Bill Williams Market Facilitation /
Market movement continuation likely for RDI as a result of Fake Day

Reading Intl Currently is a confirmed Fake Day. MFI indicator is up, volume is down for RDI. Trend continuation possible for RDI from reduced trading activity.

Bullish Engulfing /
Reading Intl (RDI): Short-term price may rise from the close of $16.09.

[BULLISH]: Reading Intl has formed a new Bullish Engulfing reversal pattern. This means, RDI has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.

Range Tod Vs Range Yest /
Reading Intl: Range Performance (36.7)

[BEARISH]: Reading Intlsellers are increasingly eager. This is the first day sellers have increasing eagerness for RDI adding strength to a downtrend in the first timeframe. The biggest price range this month has been $1.16 & the greatest daily price range this year has been $1.85. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.6x.

Daily Volume Index /
Reading Intl is being actively distributed based on DVI

RDI: DVI Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Ease of Movement /
Reading Intl Ease of Movement is -87.773 [Easily Moved]

RDI: EOM Current Signal -> (1) 16 Feb: BEARISH EASY (2) 15 Feb: BEARISH EASY (3) 14 Feb: BULLISH EASY

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Percentage Price /
PPO: The shorter moving average for RDIis still below the longer term moving average

[BEARISH]: Reading Intl currently has negative PPO -0.800%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Price Range /
Reading Intl: Daily price range is $0.335 [Uptrend]

[BULLISH]: Reading Intl current uptrend in the first timeframe. Currently, the Range is $0.335.

White Candle /
RDI Basic Candle: White

[BULLISH]: Reading Intl has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Stochastic Oscillator /
Reading Intl is still oversold with the Stochastic Oscillator @27.6

[BULLISH]: Reading Intl is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Reading Intl indicating upward price movement is likely

[BULLISH]: Reading Intl currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.6%.

MACD Volume /
The Volume MACD continues to fall below the signal line for RDI [Bearish]

RDI: Volume MACD Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH CROSSOVER (3) 14 Feb: BULLISH

Long Trend /
Reading Intl has maintained the 3rd timeframe trend [Uptrend]

RDI: Long Term Trend Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Low Price /
Weaker price performance from RDI has seen a lower low of -0.7 % [Downtrend]

[BULLISH]: Reading Intl current downtrend in the first timeframe. Currently, the Low is $15.815 (-0.7 %).

Rate of Change /
Negative ROC for Reading Intl is a leading indicator for continued price fall

RDI: ROC Recent Trading -> (1) 16 Feb: -2.248 (2) 15 Feb: -3.73 (3) 14 Feb: -3.552

Elders Force Index /
[Bearish]: Elders Force Index (-1317) confirms selling pressure remains

[BEARISH]: Reading Intl current price has highlighted recent selling pressure. Currently, the Elders Force Index is -1317.

Pivot Points /
Stoploss for Reading Intl should be set between $15.683 & $15.551

Reading Intl has broken the first support point ($15.886) [Bearish]. Look for a short limit order entry near this point. Exit price for RDI should be set @$15.683 & short position stoploss for Reading Intl should be set between $16.353 & $16.556

Aroon Oscillator /
Reading Intl: Aroon oscillator (-16) has confirmed a downtrend is present

[BEARISH]: Reading Intl has a current ARO(25) of -16. This has change 0 points from yesterday.

Open Tod Vs Close Tod /
RDI: Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the upper price range

[BULLISH]: Reading Intl opened in the middle part of daily range at 40.3% & closed in the upper part of the trading range at 82.1%. This suggests the buyers have taken control. Over the last 12 months there has been 9 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 13.6%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 27.3%.

Weighted Moving Average /
Price is now trading above the Weighted Moving Average(5) for RDI

[BULLISH]: Reading Intl currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.6%.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (13.34) for Reading Intl

[Weak Trend]: ADX for RDI has confirmed a weak trend is presentReading Intl has an ATR(14) of 0.366, a DX of 7.21 & an ADX(14) of 13.34

Demarks Pivot Points /
Limit order for a long position has been identified for Reading Intl [Bullish]

Reading Intl current pivot point (DeMark) is: (R1) $16.287. The current pivot point (DeMark) is: (S1) $15.952.

Volume /
Weaker volume performance from RDI has seen a lower volume of -9.5 [Downtrend]

[BEARISH]: Reading Intl current volume downtrend in the first timeframe. Volume for RDI is22900 (-9.5).

On Balance Volume /
Market conditions are indicating OBV distribution is current for RDI

[BEARISH]: Reading Intl current price has highlighted recent distribution. Currently, the OBV is -70408.

Closing Price /
Reading Intl: Daily performance is 0.6 % [Uptrend]

[BULLISH]: Reading Intl current uptrend in the first timeframe. Currently, the Close is $16.09.

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