RUBICON TECHNOLOGY INC (RBCN) Stock Technical Analysis
NASDAQ:RBCN - Nasdaq - US78112T2069 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RBCN. RBCN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than RBCN.
RBCN is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 93% of 110 stocks in the same industry do better.
RBCN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month RBCN has a been trading in the 1.26 - 2.34 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: RBCN has an average volume of 20072 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of RBCN is bad and it also does not present a quality setup 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
1.29
1.89
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.43 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.87 from a trend 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 | DOWN | NEGATIVE | The long term trend for RBCN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RBCN is down. |
| ChartMill Relative Strength | 5.04 | NEGATIVE | RBCN has a low relative strength, it was outperformed by 94.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RBCN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RBCN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RBCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.33 | OVERSOLD | The low RSI value suggests RBCN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RBCN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.55 | OVERSOLD | The low Stochastics value suggests RBCN may be oversold. |
| Average True Range in percent/ATR (20) | 12.53 | HIGH VOLATILITY | The high ATR as a percentage value for RBCN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.31 | NEUTRAL | The ADX value for RBCN suggests a possible start of a new 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)
1.3
-0.02 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.52%
1 Week-8.45%
2 Weeks-17.72%
1 Month-31.58%
3 Month-39.25%
6 Month-85.71%
12 Month-85.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%12.53%
ATR Inc-53.93%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.04
Mansfield-8.16
10 Day High1.56
10 Day Low1.26
20 Day High2.34
20 Day Low1.26
52 Week High17.74
52 Week Low1.26
CS1 EndN/A
CR1 Start1.43
Volume & EV
DER(3)-14.52%
DER(5)-17.08%
Volume30.20K
Volume Incr-36.67%
Vol(5)16.24K
Vol(50)20.07K