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Uptrend ExhaustionArchive
- 1/3/2025 -
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RECKSON ASSOC (RA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the RECKSON ASSOC (RA). During the week, the RA climbed 0.13 points, or 0.98%, and closed at 13.42 on Friday, January 3, 2025. It was the best weekly gain since November 22, 2024. Weekly volume was -10% below average.
 Long-term trend: [See RA long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 11.89 and reached 13.77 on September 26, 2024. RA gained -1.88 points, or -15.81%, in 48 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 12.57 and resistance is at 13.93. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See RA medium-term trend chart]
A medium-term downtrend had started on September 26, 2024 at 13.77 and reached 13.01 on November 15, 2024. RA lost 0.76 points, or 5.52%, in 7 weeks. The price is now at the 53.95% retracement level.
 Weekly Technical Indicators: [See RA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See RA short-term trend chart]
A short-term downtrend had started on December 6, 2024 at 13.70 and reached 13.11 on December 19, 2024. RA lost 0.59 points, or 4.31%, in 13 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (13.38) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
Daily Technical Indicators: [See RA daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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