Stock Trend Analysis Report
Prepared for you on Tuesday, November 30, 2021.
Rite Aid Corporation (NYSE:RAD)
Long-Term Downtrend (-90) - RAD is in a strong downtrend that is likely to continue. While RAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RAD
The long-term trend has been DOWN since May 4th, 2021 at 17.17
The intermediate-term trend has been DOWN since Nov 18th, 2021 at 12.83
The short-term trend has been DOWN since Nov 9th, 2021 at 14.26
Smart Scan Analysis for RAD
Based on our trend formula, RAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||2.55||Year High Date||2018-01-12|
|Year Low||0.98||Year Low Date||2018-10-19|
|52wk High||32.48||52wk High Date||2021-01-28|
|52wk Low||11.96||52wk Low Date||2021-11-29|
|Year End Close||1.36||Average Volume||1,708,054|
|Shares Outstanding||55,771||Short Interest||48,606,480|
|% Institutional||59.8||Market Cap||520M|