Technical Analysis for RNET - RigNet, Inc.

Grade Last Price % Change Price Change
grade F 8.05 -5.29% -0.45
RNET closed down 5.29 percent on Monday, May 20, 2019, on 81 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical RNET trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Signal Line Cross Bearish -5.29%

Older signals for RNET ...

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Profile
RigNet, Inc. provides network infrastructure services for the remote communications needs of the oil and gas industry. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, data, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access, as well as other value-added services, such as video conferencing solutions, TurboNet wide area network acceleration solutions, real-time data management solutions, Wi-Fi hotspots and Internet kiosks, wireless intercoms, and handheld radios. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 30 countries, including the United States, Brazil, Norway, the United Kingdom, Nigeria, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.
Telecommunications Oil Computer Networking Wi-Fi Oil And Gas Industry IP Network Architecture Voice Over Internet Protocol Wan High Speed Internet Access Video Conferencing Airespring Megapath Multiprotocol Label Switching Network Infrastructure Services
Is RNET a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 24.05
52 Week Low 7.98
Average Volume 55,182
200-Day Moving Average 14.6504
50-Day Moving Average 10.5172
20-Day Moving Average 9.405
10-Day Moving Average 9.211
Average True Range 0.5993
ADX 30.2
+DI 11.0591
-DI 35.8803
Chandelier Exit (Long, 3 ATRs ) 8.8721
Chandelier Exit (Short, 3 ATRs ) 9.7779
Upper Bollinger Band 10.4575
Lower Bollinger Band 8.3525
Percent B (%b) -0.14
BandWidth 22.381712
MACD Line -0.5033
MACD Signal Line -0.4359
MACD Histogram -0.0674
Fundamentals Value
Market Cap 146.66 Million
Num Shares 18.2 Million
EPS -0.65
Price-to-Earnings (P/E) Ratio -12.38
Price-to-Sales 1.50
Price-to-Book 2.65
PEG Ratio -1.80
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.83
Resistance 3 (R3) 8.89 8.70 8.70
Resistance 2 (R2) 8.70 8.50 8.67 8.66
Resistance 1 (R1) 8.37 8.38 8.28 8.31 8.61
Pivot Point 8.18 8.18 8.13 8.15 8.18
Support 1 (S1) 7.85 7.98 7.76 7.79 7.49
Support 2 (S2) 7.66 7.86 7.63 7.44
Support 3 (S3) 7.33 7.66 7.40
Support 4 (S4) 7.27