RB GLOBAL INC (RBA) Stock Technical Analysis
NYSE:RBA - CA74935Q1072 - Common Stock
115.78 USD
+0.73 (+0.63%)
115.78 USD
0 (0%)
We assign a technical rating of 10 out of 10 to RBA. 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 long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RBA did better than 82% 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.
RBA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, RBA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 113.55, a Stop Loss order could be placed below this zone.
More info and screens
87.89
119.20
When analyzing the support we can see 5 important areas.
- A support zone ranging from 113.34 to 113.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 103.88 to 104.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @100.72 from a trend line in the weekly time frame.
- Support @97.11 from a trend line in the weekly time frame.
- Support @88.78 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 115.86 to 118.02. 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 | 82.12 | POSITIVE | RBA has a high relative strength, it outperformed 82.12% 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) | 61.23 | NEUTRAL | The RSI value for RBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests RBA has a negative trend. |
| Stochastics (14,3) | 74.73 | NEUTRAL | The Stochastics value for RBA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for RBA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.48 | NEUTRAL | The ADX value for RBA suggests a possible start of a new 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 |
|---|---|---|---|
| 118.03 | 113.84 | 4.19 (3.55%) | 25.00% |
| An entry @118.03. This is a Buy Stop order right above the resistance zone. | An exit @113.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.19 points, which is 3.55%. | For a 0.89% 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.
115.78
+0.73 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.63%
1 Week0.78%
2 Weeks-0.71%
1 Month6.71%
3 Month9.95%
6 Month13.09%
12 Month34.42%
2 Year87.59%
3 Year66.97%
5 Year98.08%
10 Year319.8%
15 Year535.11%
Volatility
ATR(14)2.21
ATR(20)%1.75%
ATR Inc-34.28%
Range Today0.81
ADR(20)1.98
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.12
Mansfield0.85
10 Day High118.23
10 Day Low113.85
20 Day High118.23
20 Day Low106.66
52 Week High118.23
52 Week Low78.08
CS1 End113.55
CR1 Start115.86
Volume & EV
DER(3)-0.11%
DER(5)1.31%
Volume590.80K
Volume Incr-47.41%
Vol(5)566.16K
Vol(50)971.54K