The Hourly View for REYN
At the time of this writing, REYN (Get Ratings)’s price is up $0.05 (0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
REYN ranks 2nd in terms of today’s price percentage change out of Business Supplies stocks.
REYN’s Technical Outlook on the Daily Chart
Currently, REYN’s price is up $0.05 (0.17%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Of note is that the 100 and 200 day changed directions on REYN; they are now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Reynolds Consumer Products Inc’s price action over the past 90 days can be seen via the chart below.
REYN: Daily RSI Analysis
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