NATIONWIDE RISK-BASED US EQ (RBUS) Stock Technical Analysis
USA - NYSEARCA:RBUS - US26922A6771 - ETF
Taking everything into account, RBUS scores 2 out of 10 in our technical rating. RBUS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
RBUS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 37.80, a Stop Loss order could be placed below this zone.
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36.39
When analyzing the support we notice one important area.
- A support zone ranging from 36.76 to 37.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.46 to 41.19. 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 | DOWN | NEGATIVE | The long term trend for RBUS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RBUS is down. |
| ChartMill Relative Strength | 79.27 | POSITIVE | RBUS has a high relative strength, it outperformed 79.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RBUS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RBUS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RBUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.58 | NEUTRAL | The RSI value for RBUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests RBUS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.23 | OVERBOUGHT | The high Stochastics value suggests RBUS may be overbought. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for RBUS suggests low volalility. |
NYSEARCA:RBUS (5/25/2022, 8:09:40 PM)
38.0149
+0.03 (+0.08%)