RBC BEARINGS INC (RBC) Stock Technical Analysis
NYSE:RBC - New York Stock Exchange, Inc. - US75524B1044 - Common Stock - Currency: USD
We assign a technical rating of 9 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that RBC is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, RBC also shows a nice and consistent pattern of rising prices.
RBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RBC is lagging the market slightly.
In the last month RBC has a been trading in the 363.05 - 393.51 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.
RBC is part of the Machinery industry. There are 128 other stocks in this industry, RBC did better than 63% of them.
RBC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 378.23, a Stop Loss order could be placed below this zone.
More info and screens
294.12
392.49
5 important support areas can be observed.
- A support zone ranging from 378.23 to 378.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @326.66 from a trend line in the weekly time frame.
- Support @318.50 from a trend line in the daily time frame.
- Support @311.58 from a horizontal line in the daily time frame.
- Support @297.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 379.27 to 388.60. 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 | NEUTRAL | NEUTRAL | The short term trend for RBC is neutral. |
| ChartMill Relative Strength | 79.4 | POSITIVE | RBC has a high relative strength, it outperformed 79.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RBC is below 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) | 51.3 | NEUTRAL | The RSI value for RBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests RBC has a negative trend. |
| Stochastics (14,3) | 42.6 | NEUTRAL | The Stochastics value for RBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for RBC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.23 | POSITIVE | The high ADX value value for RBC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 388.61 | 378.22 | 10.39 (2.67%) | 25.00% |
| An entry @388.61. This is a Buy Stop order right above the resistance zone. | An exit @378.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.39 points, which is 2.67%. | For a 0.67% 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 RBC. 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.
378.24
-0.67 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.18%
1 Week-2.66%
2 Weeks-2.44%
1 Month0.71%
3 Month13.64%
6 Month28.5%
12 Month29.24%
2 Year67.33%
3 Year151.59%
5 Year419.2%
10 Year488.7%
15 Year727.48%
Volatility
ATR(14)8.05
ATR(20)%2.09%
ATR Inc-47.97%
Range Today4.41
ADR(20)7.87
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.4
Mansfield0.79
10 Day High393.51
10 Day Low375.1
20 Day High393.51
20 Day Low363.05
52 Week High393.51
52 Week Low260.53
CS1 End378.23
CR1 Start379.27
Volume & EV
DER(3)-1.53%
DER(5)-2.05%
Volume145.80K
Volume Incr-9.89%
Vol(5)163.12K
Vol(50)170.46K