RB GLOBAL INC (RBA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RBA - CA74935Q1072 - Common Stock
Taking everything into account, RBA scores 5 out of 10 in our technical rating. RBA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
RBA has only a medium technical rating, but it does show 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 103.88, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
93.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 102.95 to 103.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 94.91 to 97.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @105.79 from a horizontal line in the daily time frame.
- A resistance zone ranging from 118.90 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 | UP | POSITIVE | The short term trend for RBA is up. |
| ChartMill Relative Strength | 48.12 | NEUTRAL | RBA is not amongst the best or worst performers 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 | MIXED | The current price of RBA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.74 | NEUTRAL | The RSI value for RBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests RBA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.18 | OVERBOUGHT | The high Stochastics value suggests RBA may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for RBA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.03 | NEUTRAL | The ADX value for RBA suggests a possible start of a new trend. |
104.15
-0.27 (-0.26%)
RB GLOBAL INC / RBA FAQ
What is the ChartMill technical rating of RB GLOBAL INC (RBA) stock?
ChartMill assigns a technical rating of 5 / 10 to RBA.
What is the current trend direction of RB GLOBAL INC (RBA) stock?
The current trend direction for RB GLOBAL INC (RBA) is Bearish.
What is the RSI signal for RB GLOBAL INC (RBA) stock?
RB GLOBAL INC (RBA) has an RSI value of 60.7442. This indicates that the stock is currently neutral.
What is the short term momentum for RB GLOBAL INC (RBA) stock?
The short term momentum for RB GLOBAL INC (RBA) is positive.