RB GLOBAL INC (RBA)

CA74935Q1072 - Common Stock

73.18  -0.15 (-0.2%)

After market: 73.18 0 (0%)

Technical Rating and Analysis

8

Overall RBA gets a technical rating of 8 out of 10. In the last year, RBA was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month RBA has a been trading in the 72.08 - 76.86 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, RBA did better than 85% of all other stocks. On top of that, RBA also shows a nice and consistent pattern of rising prices.
RBA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RBA is performing more or less in line with the market.
RBA is an average performer in the Commercial Services & Supplies industry, it outperforms 67% of 84 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
RBA Weekly chart
RBA Daily chart
Setup Rating and Analysis

8

RBA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 73.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.07, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

61.64

77.93

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 72.49 to 73.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 65.25 to 66.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @62.26 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 73.60 to 74.45. 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 76.95 to 77.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.39
Mansfield0.31
10 Day High73.97
10 Day Low72.08
20 Day High76.86
20 Day Low72.08
52 Week High77.99
52 Week Low51.07
Performance
1 Week0.79%
2 Weeks0.16%
1 Month-3.93%
3 Month17.54%
6 Month17.58%
12 Month27.96%
2 Year32.84%
3 Year15.06%
5 Year110.35%
10 Year192.72%
15 Year226.7%
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)
Technical Indicators
MACD(12,26,9)-0.11
RSI(14)43.54
LBB72.35
UBB74.1
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
74.4672.481.98 (2.66%)25.00%
An entry @74.46. This is a Buy Stop order right above the resistance zone.An exit @72.48. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.98 points, which is 2.66%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%.

  • 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.
RBA Daily chart

RB GLOBAL INC

NYSE:RBA (4/26/2024, 7:12:44 PM)

After market: 73.18 0 (0%)

73.18

-0.15 (-0.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.2%
1 Week0.79%
2 Weeks0.16%
1 Month-3.93%
3 Month17.54%
6 Month17.58%
12 Month27.96%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.2
ATR(20)%1.62%
ATR Inc
Range Today1.18
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High73.97
10 Day Low72.08
20 Day High76.86
20 Day Low72.08
52 Week High77.99
52 Week Low51.07
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume456.70K
Volume Incr-20.05%
Vol(5)473.54K
Vol(50)813.30K