RBB BANCORP (RBB) Technical Analysis
NASDAQ:RBB • US74930B1052
Overall RBB gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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!
- When comparing the yearly performance of all stocks, we notice that RBB is one of the better performing stocks in the market, outperforming 74% of all stocks. On top of that, RBB also shows a nice and consistent pattern of rising prices.
- 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 21.11 - 22.69 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- RBB is an average performer in the Banks industry, it outperforms 67% of 379 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, RBB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.56, a Stop Loss order could be placed below this zone.
More info and screens
17.56
We found 4 important support areas.
- A support zone ranging from 21.39 to 21.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.35 to 20.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.53 from a trend line in the weekly time frame.
- Support @17.74 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.23 to 22.43. 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 | NEUTRAL | NEUTRAL | The short term trend for RBB is neutral. |
| ChartMill Relative Strength | 74.42 | POSITIVE | RBB has a high relative strength, it outperformed 74.42% 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) | DOWN | MIXED | The current price of RBB is above a declining 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) | 55.32 | NEUTRAL | The RSI value for RBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests RBB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.39 | NEUTRAL | The Stochastics value for RBB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for RBB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.63 | 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 |
|---|---|---|---|
| 22.44 | 21.38 | 1.06 (4.72%) | 21.17% |
| An entry @22.44. This is a Buy Stop order right above the resistance zone. | An exit @21.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.06 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.17% of your capital in this trade. |
- 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.
RBB Technicals: Chart, Performance Metrics, Trend & Indicators
22.2
+0.57 (+2.64%)
RBB BANCORP / RBB FAQ
Can you provide the ChartMill technical rating for RBB BANCORP?
ChartMill assigns a technical rating of 7 / 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 55.3231. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RBB BANCORP?
RBB BANCORP (RBB) has a support level at 21.56 and a resistance level at 22.23. Check the full technical report for our detailed analysis of RBB support and resistance levels.