Royal Bank Scotland Group Plc (RBS) Technical Analysis
NYSE:RBS
Current stock price
RBS Technical Rating and Analysis
Taking everything into account, RBS scores 2 out of 10 in our technical rating. RBS 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 81% of all other stocks performed better in the past year than RBS.
- RBS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RBS has a been trading in the 2.93 - 3.19 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.
- RBS has an average volume of 2429460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
RBS Weekly and Daily overview Charts
RBS Setup Rating and Analysis
Although the technical rating is bad, RBS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.08, a Stop Loss order could be placed below this zone.
More info and screens
RBS Support and Resistance Analysis
2.51
We found 4 important support areas.
- A support zone ranging from 3.02 to 3.08. 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 2.93 to 2.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.73 to 2.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.54 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.17 from a horizontal line in the daily time frame.
- Resistance @3.53 from a horizontal line in the weekly time frame.
RBS 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 | DOWN | NEGATIVE | The long term trend for RBS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RBS is neutral. |
| ChartMill Relative Strength | 19.28 | NEGATIVE | RBS has a low relative strength, it was outperformed by 80.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RBS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RBS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RBS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.19 | NEUTRAL | The RSI value for RBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RBS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.89 | NEUTRAL | The Stochastics value for RBS is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for RBS suggests some volalility. |
RBS Chart- and CandleStick Pattern Analysis
RBS Technicals: Chart, Performance Metrics, Trend & Indicators
3.09
-0.02 (-0.64%)
Royal Bank Scotland Group Plc / RBS TA FAQ
What is the ChartMill technical rating of Royal Bank Scotland Group Plc (RBS) stock?
ChartMill assigns a technical rating of 2 / 10 to RBS.
What is the current trend direction of Royal Bank Scotland Group Plc (RBS) stock?
The current trend direction for Royal Bank Scotland Group Plc (RBS) is Bearish.
What is the RSI signal for Royal Bank Scotland Group Plc (RBS) stock?
Royal Bank Scotland Group Plc (RBS) has an RSI value of 51.186. This indicates that the stock is currently neutral.
What is the short term momentum for RBS stock?
The short term momentum for Royal Bank Scotland Group Plc (RBS) is neutral.
What are the support and resistance levels for Royal Bank Scotland Group Plc (RBS) stock?
Royal Bank Scotland Group Plc (RBS) has a support level at 3.08 and a resistance level at 3.17. Check the full technical report for our detailed analysis of RBS support and resistance levels.