RCH Technical Analysis - RICHELIEU HARDWARE LTD

Technical Rating and Analysis

Taking everything into account, RCH scores 0 out of 10 in our technical rating. RCH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, RCH is a bad performer in the overall market: 84% of all stocks are doing better.

RCH is one of the lesser performing stocks in the Trading Companies & Distributors industry. 72% of 12 stocks in the same industry do better.

RCH 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 RCH has a been trading in the 34.77 - 38.00 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RICHELIEU HARDWARE LTD / RCH Weekly stock chart

RICHELIEU HARDWARE LTD / RCH Daily stock chart

Setup Rating and Analysis

RCH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.28, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

31.77

41.60

When analyzing the support we can see 2 important areas.

Support @34.28 from a horizontal line in the daily time frame.
A support zone ranging from 32.09 to 32.18. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 35.43 to 36.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 36.79 to 37.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @41.19 from a horizontal line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for RCH.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RCH.CA is down.
ChartMill Relative Strength	16.25	NEGATIVE	RCH.CA has a low relative strength, it was outperformed by 83.75% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RCH.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RCH.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RCH.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.74	NEUTRAL	The RSI value for RCH.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests RCH.CA has a negative trend.
Stochastics (14,3)	13.78	OVERSOLD	The low Stochastics value suggests RCH.CA may be oversold.
Average True Range in percent/ATR (20)	2.07	MEDIUM VOLATILITY	The ATR as a percentage value for RCH.CA suggests some volalility.
Average Directional Index/ADX (14)	15.72	NEGATIVE	The low ADX value for RCH.CA suggests a weak or negative trend.