RBC BEARINGS INC (RBC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RBC • US75524B1044
We assign a technical rating of 10 out of 10 to RBC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RBC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, RBC did better than 87% of all other stocks. We also observe that the gains produced by RBC over the past year are nicely spread over this period.
- RBC is one of the better performing stocks in the Machinery industry, it outperforms 85% of 132 stocks in the same industry.
- RBC 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 RBC has a been trading in the 447.35 - 515.95 range, which is quite wide. It is currently trading near the high of this range.
Although RBC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
356.17
8 important support areas can be observed.
- Support @478.71 from a trend line in the daily time frame.
- A support zone ranging from 463.84 to 464.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @436.49 from a horizontal line in the daily time frame.
- Support @410.46 from a trend line in the weekly time frame.
- Support @388.19 from a horizontal line in the daily time frame.
- A support zone ranging from 375.51 to 377.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @366.00 from a trend line in the weekly time frame.
- Support @359.77 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 503.75 to 511.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 RBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBC is up. |
| ChartMill Relative Strength | 87.87 | POSITIVE | RBC has a high relative strength, it outperformed 87.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.86 | NEUTRAL | The RSI value for RBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests RBC has a negative trend. |
| Stochastics (14,3) | 77.24 | NEUTRAL | The Stochastics value for RBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for RBC suggests some volalility. |
| Average Directional Index/ADX (14) | 38.02 | POSITIVE | The high ADX value value for RBC suggests a strong trend. |
499.67
-12.31 (-2.4%)
RBC BEARINGS INC / RBC FAQ
Can you provide the ChartMill technical rating for RBC BEARINGS INC?
ChartMill assigns a technical rating of 10 / 10 to RBC.
What is the trend direction for RBC stock?
The current trend direction for RBC BEARINGS INC (RBC) is Bullish.
What is the RSI signal for RBC stock?
RBC BEARINGS INC (RBC) has an RSI value of 61.8574. This indicates that the stock is currently neutral.
What is the MACD signal for RBC BEARINGS INC (RBC) stock?
The MACD indicator for RBC BEARINGS INC (RBC) has a value of -0.405433, indicating a bearish trend.
What is the buy/sell signal for RBC stock?
The buy/sell signal for RBC BEARINGS INC (RBC) is buy as both the short term and long term trends are positive.