Taking everything into account, RBB scores 6 out of 10 in our technical rating. Although RBB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, RBB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.48. Right above this resistance zone may be a good entry point. 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
17.09
2 important support areas can be observed.
- A support zone ranging from 18.61 to 19.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.26 to 17.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @19.96 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.48 to 20.57. 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 | UP | POSITIVE | The long term trend for RBB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBB is up. |
| ChartMill Relative Strength | 26.87 | NEGATIVE | RBB has a low relative strength, it was outperformed by 73.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.98 | NEUTRAL | The RSI value for RBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RBB has a positive trend. |
| Stochastics (14,3) | 85.07 | OVERBOUGHT | The high Stochastics value suggests RBB may be overbought. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for RBB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.18 | NEGATIVE | The low ADX value for RBB suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.58 | 19.95 | 0.63 (3.06%) | 25.00% |
| An entry @20.58. This is a Buy Stop order right above the resistance zone. | An exit @19.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.63 points, which is 3.06%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RBB. Please evaluate whether better entry and exit points can be found.
- 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.
19.81
-0.23 (-1.15%)
RBB BANCORP / RBB FAQ
Can you provide the ChartMill technical rating for RBB BANCORP?
ChartMill assigns a technical rating of 6 / 10 to RBB.
What is the trend direction for RBB stock?
The current trend direction for RBB BANCORP (RBB) is Bullish.
Can you provide the RSI signal for RBB BANCORP?
RBB BANCORP (RBB) has an RSI value of 63.9829. This indicates that the stock is currently neutral.
What is the MACD signal for RBB stock?
The MACD indicator for RBB BANCORP (RBB) has a value of 0.089267, indicating a bearish trend.
What is the short term momentum for RBB BANCORP (RBB) stock?
The short term momentum for RBB BANCORP (RBB) is positive.