RB GLOBAL INC (RBA) Stock Technical Analysis
NYSE:RBA • CA74935Q1072
We assign a technical rating of 4 out of 10 to RBA. RBA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month RBA has a been trading in the 97.73 - 119.33 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- RBA has an average volume of 1275430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, RBA outperforms 47% of them, which is more or less in line with the market.
- RBA is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, RBA did better than 59% of them.
- RBA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RBA is lagging the market.
RBA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
94.56
We found 2 important support areas.
- Support @100.00 from a trend line in the weekly time frame.
- A support zone ranging from 95.52 to 96.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @103.88 from a horizontal line in the daily time frame.
- Resistance @118.02 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for RBA is neutral. |
| ChartMill Relative Strength | 47.9 | NEUTRAL | RBA is not amongst the best or worst performers 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) | UP | MIXED | The current price of RBA is below 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) | 30.12 | NEUTRAL | The RSI value for RBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests RBA has a negative trend. |
| Stochastics (14,3) | 43.99 | NEUTRAL | The Stochastics value for RBA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for RBA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.83 | POSITIVE | The high ADX value value for RBA suggests a strong trend. |
100.99
-12.89 (-11.32%)
RB GLOBAL INC / RBA FAQ
What is the ChartMill technical rating of RB GLOBAL INC (RBA) stock?
ChartMill assigns a technical rating of 4 / 10 to RBA.
Can you provide the trend direction for RB GLOBAL INC?
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 30.1233. This indicates that the stock is currently neutral.
What is the MACD signal for RBA stock?
The MACD indicator for RB GLOBAL INC (RBA) has a value of -1.32739, indicating a bearish trend.
What are the support and resistance levels for RB GLOBAL INC (RBA) stock?
RB GLOBAL INC (RBA) has a support level at 100 and a resistance level at 103.88. Check the full technical report for our detailed analysis of RBA support and resistance levels.