RBC BEARINGS INC (RBC) Stock Technical Analysis
USA - NYSE:RBC - US75524B1044 - Common Stock
393.88 USD
+1.55 (+0.4%)
393.88 USD
0 (0%)
Overall RBC gets a technical rating of 9 out of 10. 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!
When comparing the yearly performance of all stocks, we notice that RBC is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, RBC also shows a nice and consistent pattern of rising prices.
RBC is one of the better performing stocks in the Machinery industry, it outperforms 75% of 130 stocks in the same industry.
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 364.50 - 396.86 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
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. There is a resistance zone just above the current price starting at 401.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 388.19, a Stop Loss order could be placed below this zone.
More info and screens
327.05
414.73
We found 4 important support areas.
- A support zone ranging from 369.70 to 388.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @359.77 from a horizontal line in the daily time frame.
- Support @347.77 from a trend line in the weekly time frame.
- Support @330.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 401.56 to 401.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @410.62 from a horizontal line in the daily time frame.
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 | 81.87 | POSITIVE | RBC has a high relative strength, it outperformed 81.87% 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) | DOWN | MIXED | The current price of RBC is above a declining 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) | 58.5 | NEUTRAL | The RSI value for RBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.01 | POSITIVE | The MACD value suggests RBC has a positive trend. |
| Stochastics (14,3) | 91.5 | OVERBOUGHT | The high Stochastics value suggests RBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for RBC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.99 | NEGATIVE | The low ADX value for RBC suggests a weak or negative 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 |
|---|---|---|---|
| 401.58 | 364.49 | 37.09 (9.24%) | 10.83% |
| An entry @401.58. This is a Buy Stop order right above the resistance zone. | An exit @364.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 37.09 points, which is 9.24%. | When investing 10.83% 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.
393.88
+1.55 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.4%
1 Week5.68%
2 Weeks3.06%
1 Month4.05%
3 Month1.42%
6 Month20.4%
12 Month36.37%
2 Year79.17%
3 Year55.36%
5 Year360.09%
10 Year423.78%
15 Year658.34%
Volatility
ATR(14)10.92
ATR(20)%2.68%
ATR Inc-31.98%
Range Today6.31
ADR(20)10.35
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.87
3 months CRS44.6
6 months CRS69.18
Mansfield0.08
10 Day High396.86
10 Day Low364.5
20 Day High396.86
20 Day Low364.5
52 Week High416.33
52 Week Low272.5
CS1 End388.19
CR1 Start401.56
Volume & EV
DER(3)-0.98%
DER(5)1.63%
Volume301.30K
Volume Incr43.92%
Vol(5)321.98K
Vol(50)207.64K