Shares of RH (RH) , the former Restoration Hardware, gapped lower Thursday on the heels of the company's announcement Wednesday evening to lower their 2022 guidance. Let's check out the charts and indicators on this specialty retailer.
In the daily bar chart of RH, below, we can see a long decline in price the past 12 months. RH trades below the declining 50-day moving average line and below the declining 200-day line too. Rallies to the underside of the 50-day line since March have failed.
The On-Balance-Volume (OBV) line has chopped lower since December as traders have been more aggressive sellers of the stock. The Moving Average Convergence Divergence (MACD) oscillator is bearish.