RB GLOBAL INC (RBA) Stock Technical Analysis
NYSE:RBA - New York Stock Exchange, Inc. - CA74935Q1072 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RBA did better than 79% 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 77% of 84 stocks in the same industry.
RBA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RBA has a been trading in a tight range between 105.75 and 111.70.
Besides having an excellent technical rating, RBA also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 108.73, a Stop Loss order could be placed below this zone.
More info and screens
95.40
111.45
We found 3 important support areas.
- A support zone ranging from 103.88 to 108.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @99.33 from a trend line in the weekly time frame.
- Support @96.36 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 108.80 to 110.35. This zone is formed by a combination of multiple trend lines and important moving averages 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBA is up. |
| ChartMill Relative Strength | 79.7 | POSITIVE | RBA has a high relative strength, it outperformed 79.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RBA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RBA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.32 | NEUTRAL | The RSI value for RBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests RBA has a negative trend. |
| Stochastics (14,3) | 54.29 | NEUTRAL | The Stochastics value for RBA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for RBA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.82 | NEGATIVE | The low ADX value for RBA 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 |
|---|---|---|---|
| 110.36 | 106.65 | 3.72 (3.37%) | 25.00% |
| An entry @110.36. This is a Buy Stop order right above the resistance zone. | An exit @106.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.72 points, which is 3.37%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
108.78
-0.8 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.73%
1 Week0.21%
2 Weeks0.3%
1 Month2.78%
3 Month2.68%
6 Month17.32%
12 Month37.8%
2 Year76.25%
3 Year56.88%
5 Year86.11%
10 Year294.42%
15 Year496.71%
Volatility
ATR(14)1.52
ATR(20)%1.59%
ATR Inc4.31%
Range Today2.21
ADR(20)1.72
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.7
Mansfield0.5
10 Day High110.49
10 Day Low106.66
20 Day High111.71
20 Day Low105.75
52 Week High111.71
52 Week Low77.8
CS1 End108.73
CR1 Start108.8
Volume & EV
DER(3)0.57%
DER(5)-0.93%
Volume1.52M
Volume Incr1.42%
Vol(5)871.64K
Vol(50)965.23K