RDGT
Ridgetech·NASDAQ
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2.93 / 10
Underperform
Technically, RDGT is underperforming (score 2.93/10). Dominant bearish candlestick patterns—Long Lower Shadow (2.2/10) and Long Upper Shadow (3.66/10)—suggest market indecision and downside risk. Historical back-tests show negative average returns for these patterns, reinforcing caution. Until a clear bullish breakout emerges, the technical backdrop remains unfavorable for momentum traders.
Analysis Checks(0/2)
Long Lower Shadow
Score2.2/10
Win Rate47.62%
Hist. Signals63
Avg Return-0.88%
Score2.2/10
Win Rate47.62%
Hist. Signals63
Avg Return-0.88%
Long Upper Shadow
Score3.66/10
Win Rate52.05%
Hist. Signals73
Avg Return0.71%
Score3.66/10
Win Rate52.05%
Hist. Signals73
Avg Return0.71%
Long Lower Shadow
Score2.2/10
Win Rate47.62%
Hist. Signals63
Avg Return-0.88%
Score2.2/10
Win Rate47.62%
Hist. Signals63
Avg Return-0.88%
Long Upper Shadow
Score3.66/10
Win Rate52.05%
Hist. Signals73
Avg Return0.71%
Score3.66/10
Win Rate52.05%
Hist. Signals73
Avg Return0.71%
Technical Analysis of RDGT?
- RDGT presents a Underperform setup with a Technical Score of 2.93/10. Key technical indicators highlight an RSI of 33.67 and a MACD of -0.08, with the trend anchored by the 50-Day SMA at 3.02. Traders should monitor key support at 1.47 and resistance at 1.59.
