RBC BEARINGS INC (RBC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RBC - US75524B1044 - Common Stock
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.
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 very little resistance above the current price. There is a support zone below the current price at 450.94, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
354.61
5 important support areas can be observed.
- A support zone ranging from 444.97 to 450.94. 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 423.38 to 426.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 388.19 to 396.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- A support zone ranging from 358.19 to 359.77. 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 RBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBC is up. |
| ChartMill Relative Strength | 89.43 | POSITIVE | RBC has a high relative strength, it outperformed 89.43% 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) | 58.22 | NEUTRAL | The RSI value for RBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests RBC has a negative trend. |
| Stochastics (14,3) | 56.9 | NEUTRAL | The Stochastics value for RBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for RBC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.27 | NEGATIVE | The low ADX value for RBC 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 |
|---|---|---|---|
| 465.81 | 444.96 | 20.85 (4.48%) | 22.34% |
| An entry @465.81. This is a Buy Stop order right above the 10 day high. | An exit @444.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 20.85 points, which is 4.48%. | When investing 22.34% 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.
451.06
+1.29 (+0.29%)
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.
Can you provide the trend direction for RBC BEARINGS INC?
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 58.2176. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RBC BEARINGS INC?
The short term momentum for RBC BEARINGS INC (RBC) is positive.
What is the support and resistance level for RBC stock?
RBC BEARINGS INC (RBC) has a support level at 450.94. Check the full technical report for our detailed analysis of RBC support and resistance levels.