RBC BEARINGS INC (RBC) Technical Analysis
NYSE:RBC • US75524B1044
Current stock price
RBC Technical Rating and Analysis
Taking everything into account, RBC scores 8 out of 10 in our technical rating. In the last year, RBC was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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 88% of all stocks. On top of that, RBC also shows a nice and consistent pattern of rising prices.
- RBC is part of the Machinery industry. There are 131 other stocks in this industry. RBC outperforms 86% of them.
- RBC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RBC is performing more or less in line with the market.
- In the last month RBC has a been trading in the 520.67 - 573.18 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 Weekly and Daily overview Charts
RBC Setup Rating and Analysis
Besides having an excellent technical rating, RBC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
RBC Support and Resistance Analysis
371.75
We found 6 important support areas.
- A support zone ranging from 543.10 to 546.66. 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 524.37 to 531.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @511.40 from a trend line in the daily time frame.
- Support @431.73 from a trend line in the weekly time frame.
- Support @388.19 from a horizontal line in the daily time frame.
- Support @375.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @553.46 from a trend line in the daily time frame.
RBC Technical Indicator Signal Analysis
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 | 88.92 | POSITIVE | RBC has a high relative strength, it outperformed 88.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RBC is above a declining 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) | 51.11 | NEUTRAL | The RSI value for RBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.84 | NEGATIVE | The MACD value suggests RBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.79 | NEUTRAL | The Stochastics value for RBC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for RBC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.33 | NEUTRAL | The ADX value for RBC suggests a possible start of a new trend. |
RBC Chart- and CandleStick Pattern Analysis
RBC Example Setup
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 |
|---|---|---|---|
| 553.47 | 543.09 | 10.38 (1.88%) | 25.00% |
| An entry @553.47. This is a Buy Stop order right above the resistance zone. | An exit @543.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.38 points, which is 1.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- 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.
RBC Technicals: Chart, Performance Metrics, Trend & Indicators
548.11
-3.88 (-0.7%)
RBC BEARINGS INC / RBC TA FAQ
Can you provide the ChartMill technical rating for RBC BEARINGS INC?
ChartMill assigns a technical rating of 8 / 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 BEARINGS INC (RBC) stock?
RBC BEARINGS INC (RBC) has an RSI value of 51.1115. This indicates that the stock is currently neutral.
What is the short term momentum for RBC stock?
The short term momentum for RBC BEARINGS INC (RBC) is neutral.
What are the support and resistance levels for RBC BEARINGS INC (RBC) stock?
RBC BEARINGS INC (RBC) has a support level at 546.66 and a resistance level at 553.46. Check the full technical report for our detailed analysis of RBC support and resistance levels.