Technical analysis from Raging River Exploration (RRX.TO, TSE:RRX) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Raging River Exploration
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Raging River Exploration: The CCI oversold signal has been confirmed
Commodity Channel Index /
Raging River Exploration: The CCI oversold signal has been confirmed

[BULLISH CROSSOVER]: Raging River Exploration current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -152. During the quarter, the lowest CCI value was -152. The last oversold signal occurred on Aug 21 2017

Negative momentum for RRX is a leading indicator for continued price falls
Momentum /
Negative momentum for RRX is a leading indicator for continued price falls

[BEARISH]: Raging River Exploration currently has negative momentum of -0.12 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.9%.The largest downward momentum rally for the last 3 months is 9 days producing a return of -4.3%%.

MACD /
RRX: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Raging River Exploration currently has negative MACD of -0.065000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -3.7%.

Rate of Change /
Negative ROC for Raging River Exploration is a leading indicator for continued price fall

[BEARISH]: Raging River Exploration currently has negative rate of change of -8.2%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

TRADE /
The current market capitalization of Raging River Exploration is $1.68B

Raging River Exploration key financial metrics: (1) MCAP: $1.68B (2) Shares: 231248000 (3) Free Float: 215773000

Exponential Moving Average /
The EMA trend following signal is still current for Raging River Exploration [Bearish]

[BEARISH]: Raging River Exploration currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -2.9%.

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Volume /
Volume for RRX has not surpassed the volume of the previous trading session

[BEARISH]: Raging River Exploration current volume downtrend in the first timeframe. Volume for RRX is602724 (-25.7).

High Price /
Recent trading for RRX has failed to beaten the previous high by -2.5 % [Downtrend]

RRX: HIGH Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BULLISH (3) 17 Oct: NEUTRAL

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Recent trading for Raging River Exploration has opened -1.3 % lower than previous session
Opening Price /
Recent trading for Raging River Exploration has opened -1.3 % lower than previous session

[BEARISH]: Raging River Exploration opening price has gapped down. Currently, the OPEN is $7.41 (-1.3 %).

Stochastic Oscillator for RRX is still below the oversold limit signalling a bullish movement
Stochastic Oscillator /
Stochastic Oscillator for RRX is still below the oversold limit signalling a bullish movement

RRX: Stochastic Oscillator Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Raging River Exploration

RRX: BWMF Current Signal -> (1) 19 Oct: Fake Day (2) 18 Oct: Squat Day (3) 17 Oct: Fake Day

Gap Down /
A short term Gap Down has formed with Raging River Exploration

[BULLISH]: A short term Gap Down has formed with Raging River Exploration which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 8 occurrences of this bar reversal giving a signal probability of 4.9%.

Average Directional Movement /
Raging River Exploration has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for RRX has confirmed a weak trend is presentRaging River Exploration has an ATR(14) of 0.195, a DX of 8.86 & an ADX(14) of 18.1

RRX: Current trading activity signals OBV accumulation is active
On Balance Volume /
RRX: Current trading activity signals OBV accumulation is active

[BULLISH]: Raging River Exploration current price has highlighted recent accumulation. Currently, the OBV is 8.21617e+006.

Raging River Exploration currently has positive PPO 0.500
Percentage Price /
Raging River Exploration currently has positive PPO 0.500

[BULLISH]: Raging River Exploration currently has positive PPO 0.500%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

GROWTH /
The current book value of Raging River Exploration is $4.06

Raging River Exploration Key financial metrics: (1) Book Value: $4.06 (2) Market-to-Book ratio: 1.84 (3) PEG Ratio: 28.21

Close Tod Vs Close Yest /
The biggest upward movement for Raging River Exploration this month has been -2.9

[BEARISH]: Raging River Explorationsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for RRX adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.9 & the greatest daily negative change this year has been -4.4. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -6.4%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -4.7%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.6x giving a total win/loss ratio of 0.6x. Over the last month the average daily downward movement has been -1.6%

Average True Range /
Daily trading has confirmed an ATR uptrend (0.195) for Raging River Exploration

RRX: Average True Range Recent Trading -> (1) 19 Oct: 0.195 (2) 18 Oct: 0.191 (3) 17 Oct: 0.193

Bearish conditions for RRX are likely to continue based on EFI (-12232)
Elders Force Index /
Bearish conditions for RRX are likely to continue based on EFI (-12232)

[BEARISH]: Raging River Exploration current price has highlighted recent selling pressure. Currently, the Elders Force Index is -12232.

Range for RRX has surpassed the range of the previous trading session
Price Range /
Range for RRX has surpassed the range of the previous trading session

[BULLISH]: Raging River Exploration current uptrend in the first timeframe. Currently, the Range is $0.22.

First timeframe trend of Raging River Exploration has signalled an Downtrend
Short Trend /
First timeframe trend of Raging River Exploration has signalled an Downtrend

[BEARISH]: Raging River Exploration is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 3

Aroon Oscillator /
Raging River Exploration: Aroon oscillator (32) has confirmed an uptrend is present

[BULLISH]: Raging River Exploration has a current ARO(25) of 32. This has change -12 points from yesterday.

Daily Volume Index /
Raging River Exploration: Current trading activity signals DVI distribution is present

[BEARISH]: Raging River Exploration current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Closed Window /
Raging River Exploration: Closed Window

[BEARISH]: Raging River Exploration has Gapped Down on previous bar.

Accumulation / Distribution /
RRX: Current trading activity signals distribution is active

[BEARISH]: Raging River Exploration current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Chaikin Oscillator showing selling pressure for RRX
Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for RRX

[BEARISH]: Raging River Exploration current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.17. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.19

RRX Basic Candle: Black
Black Candle /
RRX Basic Candle: Black

[BEARISH]: Raging River Exploration has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Fibonacci Extensions /
[Long]: Limit orders for Raging River Exploration should be set at $42.88

Raging River Exploration has moved below the 161.8% level ($42.88) [Bullish]. Look for a long limit order entry near this point. Exit price for RRX should be set @$37.53 & Stoploss for Raging River Exploration should be set at $48.23

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