RB GLOBAL INC (RBA) Stock Technical Analysis
USA - NYSE:RBA - CA74935Q1072 - Common Stock
107.49 USD
-0.91 (-0.84%)
107.49 USD
0 (0%)
We assign a technical rating of 3 out of 10 to RBA. Although RBA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RBA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, RBA did better than 77% 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 78% of 84 stocks in the same industry.
RBA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RBA is lagging the market slightly.
RBA has an average volume of 1091090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
RBA has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
102.47
120.09
2 important support areas can be observed.
- A support zone ranging from 107.32 to 107.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 103.50 to 104.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 108.34 to 108.70. 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 118.02 to 118.90. 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 | NEUTRAL | NEUTRAL | The long term trend for RBA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RBA is down. |
| ChartMill Relative Strength | 77.27 | POSITIVE | RBA has a high relative strength, it outperformed 77.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RBA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RBA is below a declining 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) | 33.8 | NEUTRAL | The RSI value for RBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests RBA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.54 | OVERSOLD | The low Stochastics value suggests RBA may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for RBA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.17 | POSITIVE | The high ADX value value for RBA suggests a strong 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)
107.49
-0.91 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.84%
1 Week0%
2 Weeks-6.38%
1 Month-7.01%
3 Month-0.62%
6 Month10.68%
12 Month34.23%
2 Year64.36%
3 Year64.53%
5 Year77.29%
10 Year313.9%
15 Year407.51%
Volatility
ATR(14)2.1
ATR(20)%1.81%
ATR Inc-22.66%
Range Today2.2
ADR(20)1.9
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.27
Mansfield-0.48
10 Day High114.91
10 Day Low106.26
20 Day High119.58
20 Day Low106.26
52 Week High119.58
52 Week Low78.55
CS1 End107.44
CR1 Start108.34
Volume & EV
DER(3)-2.79%
DER(5)-1.46%
Volume766.20K
Volume Incr-14.28%
Vol(5)1.05M
Vol(50)1.09M