RB GLOBAL INC (RBA.CA) Stock Technical Analysis
TSX:RBA - Toronto Stock Exchange - CA74935Q1072 - Common Stock - Currency: CAD
Taking everything into account, RBA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RBA is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, RBA did better than 81% of all other stocks. We also observe that the gains produced by RBA over the past year are nicely spread over this period.
RBA is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 86% of 24 stocks in the same industry.
RBA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RBA is performing more or less in line with the market.
In the last month RBA has a been trading in the 138.94 - 151.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RBA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
125.50
153.27
4 important support areas can be observed.
- Support @138.24 from a trend line in the weekly time frame.
- A support zone ranging from 133.95 to 134.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @130.81 from a horizontal line in the weekly time frame.
- A support zone ranging from 126.77 to 128.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 144.86 to 146.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 151.38 to 151.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RBA.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RBA.CA is neutral. |
| ChartMill Relative Strength | 81.38 | POSITIVE | RBA.CA has a high relative strength, it outperformed 81.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RBA.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RBA.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RBA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.35 | NEUTRAL | The RSI value for RBA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.78 | NEGATIVE | The MACD value suggests RBA.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.46 | NEUTRAL | The Stochastics value for RBA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for RBA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.82 | NEGATIVE | The low ADX value for RBA.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 146.17 | 141.98 | 4.18 (2.86%) | 25.00% |
| An entry @146.16. This is a Buy Stop order right above the 10 day moving average. | An exit @141.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.18 points, which is 2.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:RBA (6/3/2025, 7:00:00 PM)
144.855
+0.67 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.47%
1 Week0.11%
2 Weeks-4.54%
1 Month3.27%
3 Month-0.6%
6 Month5.71%
12 Month44.86%
2 Year82.21%
3 Year72.96%
5 Year162.09%
10 Year315.65%
15 Year647.45%
Volatility
ATR(14)2.7
ATR(20)%2.1%
ATR Inc-31.92%
Range Today1.47
ADR(20)2.94
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.38
Mansfield0.97
10 Day High151.37
10 Day Low141.99
20 Day High151.86
20 Day Low138.94
52 Week High152.48
52 Week Low99.09
CS1 End138.24
CR1 Start151.39
Volume & EV
DER(3)-2.79%
DER(5)0.07%
Volume99.23K
Volume Incr4.53%
Vol(5)275.54K
Vol(50)237.15K