RH (RH) , formerly known as Restoration Hardware, is set to report its latest quarterly earnings figures Wednesday after the market close. Let's inspect things again.
We were bullish on RH back on July 1 but things have changed.
In the daily bar chart of RH, below, we can see that the shares have largely traded sideways since late April. Prices have been crossing above and below the 50-day moving average line.
The daily On-Balance-Volume (OBV) line has churned sideways since April. The Moving Average Convergence Divergence (MACD) oscillator made a peak in early May and is now close to the zero line telling us there is not much in the way of "trend strength."