RH ( RH) , formerly know as Restoration Hardware, offers customers furniture, lighting, textiles, rugs, bathware, décor and outdoor, as well as baby & child and teen products. The stock is on the rise Friday after better-than-expected earnings numbers so let's check on the charts to see if we want to recommend a purchase.
In the daily bar chart of RH, below, we can see a price low in late June with a volume spike. The increased volume in June increases the odds that a price low was made. We can see a higher lower being made in early September and that is an improvement. A breakout over the August high would be a strong statement but we are not there yet. Prices are trading above the rising 50-day moving average line but still below the declining 200-day line.
The On-Balance-Volume (OBV) line made lows in May and June and now, hopefully, a higher low in early September. The Moving Average Convergence Divergence (MACD) is below the zero line but improving. 
In the weekly Japanese candlestick chart of RH, below, we see a mixed picture. A small lower shadow can be seen on the most recent candle pattern but a much larger upper shadow is visible in early August. Prices are trading below the declining 40-week moving average line.
The weekly OBV line shows only some very modest improvement in July and August. The MACD oscillator is moving up but remains well below the zero line.
In this daily Point and Figure chart of RH, below, we can see a downside price target in the $146 area.
In this second Point and Figure chart of RH, below, we used weekly price data. Here the software shows a big upside price target in the $595 area.
Bottom-line strategy: RH's charts (above) are mixed. The stock has rallied recently but I am not impressed with the price action and the volume so far.
