RB GLOBAL INC (RBA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RBA - CA74935Q1072 - Common Stock
Overall RBA gets a technical rating of 0 out of 10. RBA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RBA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 101.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.49, a Stop Loss order could be placed below this zone.
More info and screens
93.96
When analyzing the support we notice one important area.
- A support zone ranging from 94.91 to 97.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 101.57 to 103.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for RBA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RBA is down. |
| ChartMill Relative Strength | 28.44 | NEGATIVE | RBA has a low relative strength, it was outperformed by 71.56% 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 | MIXED | The current price of RBA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.58 | NEUTRAL | The RSI value for RBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RBA has a positive trend. |
| Stochastics (14,3) | 25.58 | NEUTRAL | The Stochastics value for RBA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for RBA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.33 | POSITIVE | The high ADX value value for RBA suggests a strong trend. |
98.2
+0.39 (+0.4%)
RB GLOBAL INC / RBA FAQ
What is the ChartMill technical rating of RB GLOBAL INC (RBA) stock?
ChartMill assigns a technical rating of 0 / 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 43.5767. 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 negative.
What is the buy/sell signal for RBA stock?
The buy/sell signal for RB GLOBAL INC (RBA) is sell as both the short term and long term trends are negative.