RICHELIEU HARDWARE LTD (RCH.CA) Stock Technical Analysis
TSX:RCH - Toronto Stock Exchange - CA76329W1032 - Common Stock - Currency: CAD
Taking everything into account, RCH scores 5 out of 10 in our technical rating. In the last year, RCH was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
RCH has only a medium 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 a resistance zone just above the current price starting at 36.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RCH in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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31.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 35.20 to 35.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.28 to 34.61. This zone is formed by a combination of multiple trend lines 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 36.16 to 37.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.59 from a trend line in the weekly time frame.
- Resistance @41.19 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RCH.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCH.CA is up. |
| ChartMill Relative Strength | 26.59 | NEGATIVE | RCH.CA has a low relative strength, it was outperformed by 73.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCH.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCH.CA is above the rising 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) | 54.86 | NEUTRAL | The RSI value for RCH.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RCH.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.37 | NEUTRAL | The Stochastics value for RCH.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for RCH.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.66 | NEGATIVE | The low ADX value for RCH.CA suggests a weak or negative trend. |
TSX:RCH (7/25/2025, 7:00:00 PM)
35.96
+0.3 (+0.84%)