RBC BEARINGS INC (RBC) Stock Technical Analysis
NYSE:RBC - New York Stock Exchange, Inc. - US75524B1044 - Common Stock - Currency: USD
Taking everything into account, RBC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RBC is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by RBC over the past year are nicely spread over this period.
RBC is part of the Machinery industry. There are 128 other stocks in this industry. RBC outperforms 81% of them.
A new 52 week high is currently being made by RBC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month RBC has a been trading in the 374.64 - 416.33 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 present a decent entry opportunity 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
294.12
410.05
When analyzing the support we can see 6 important areas.
- A support zone ranging from 387.52 to 390.51. 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 375.50 to 381.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @331.63 from a trend line in the weekly time frame.
- A support zone ranging from 320.70 to 323.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @311.58 from a horizontal line in the daily time frame.
- Support @297.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 405.99 to 405.99. 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 | 87.02 | POSITIVE | RBC has a high relative strength, it outperformed 87.02% 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) | 68.75 | NEUTRAL | The RSI value for RBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests RBC has a positive trend. |
| Stochastics (14,3) | 67.73 | NEUTRAL | The Stochastics value for RBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for RBC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.51 | 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)
405.98
+6.18 (+1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.55%
1 Week5.28%
2 Weeks3.57%
1 Month4.91%
3 Month16.24%
6 Month12.12%
12 Month46.34%
2 Year76.1%
3 Year168.86%
5 Year448.25%
10 Year472.04%
15 Year766%
Volatility
ATR(14)10.23
ATR(20)%2.21%
ATR Inc208.17%
Range Today15.58
ADR(20)8.83
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.02
Mansfield1.28
10 Day High416.33
10 Day Low374.64
20 Day High416.33
20 Day Low374.64
52 Week High416.33
52 Week Low272.5
CS1 End390.51
CR1 Start405.99
Volume & EV
DER(3)2.63%
DER(5)2.46%
Volume261.90K
Volume Incr32.24%
Vol(5)210.80K
Vol(50)176.08K