Taking everything into account, RBB scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, RBB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that RBB is one of the better performing stocks in the market, outperforming 75% of all stocks.
- RBB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RBB has a been trading in the 20.12 - 22.50 range, which is quite wide. It is currently trading near the high of this range.
- RBB is part of the Banks industry. There are 383 other stocks in this industry, RBB did better than 53% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, RBB also presents 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 22.07. Right above this resistance zone may be a good entry point.
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17.75
4 important support areas can be observed.
- A support zone ranging from 21.28 to 21.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.35 to 20.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.23 from a trend line in the weekly time frame.
- Support @17.93 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.07 to 22.35. 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 | 75.84 | POSITIVE | RBB has a high relative strength, it outperformed 75.84% 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) | 58.89 | NEUTRAL | The RSI value for RBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RBB has a positive trend. |
| Stochastics (14,3) | 72.55 | NEUTRAL | The Stochastics value for RBB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for RBB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.5 | 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 |
|---|---|---|---|
| 22.36 | 21.27 | 1.09 (4.87%) | 20.51% |
| An entry @22.36. This is a Buy Stop order right above the resistance zone. | An exit @21.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.09 points, which is 4.87%. | When investing 20.51% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.06
+0.34 (+1.57%)
RBB BANCORP / RBB FAQ
Can you provide the ChartMill technical rating for RBB BANCORP?
ChartMill assigns a technical rating of 8 / 10 to RBB.
What is the current trend direction of RBB BANCORP (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 58.8856. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for RBB BANCORP?
The buy/sell signal for RBB BANCORP (RBB) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for RBB BANCORP?
RBB BANCORP (RBB) has a support level at 21.43 and a resistance level at 22.07. Check the full technical report for our detailed analysis of RBB support and resistance levels.