RCI-B Technical Analysis - ROGERS COMMUNICATIONS INC-B

Technical Rating and Analysis

Overall RCI-B gets a technical rating of 8 out of 10. Although RCI-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

RCI-B is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RCI-B has a been trading in the 47.13 - 52.65 range, which is quite wide. It is currently trading near the high of this range.

RCI-B has an average volume of 1756870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, RCI-B turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ROGERS COMMUNICATIONS INC-B / RCI-B Weekly stock chart

ROGERS COMMUNICATIONS INC-B / RCI-B Daily stock chart

Setup Rating and Analysis

Although RCI-B has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.42

52.80

We found 1 important support area.

A support zone ranging from 47.90 to 49.76. 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 52.21 to 52.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for RCI-B.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RCI-B.CA is up.
ChartMill Relative Strength	43.38	NEUTRAL	RCI-B.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RCI-B.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RCI-B.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RCI-B.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.2	NEUTRAL	The RSI value for RCI-B.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.31	POSITIVE	The MACD value suggests RCI-B.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	93.56	OVERBOUGHT	The high Stochastics value suggests RCI-B.CA may be overbought.
Average True Range in percent/ATR (20)	1.9	LOW VOLATILITY	The low ATR as a percentage value for RCI-B.CA suggests low volalility.
Average Directional Index/ADX (14)	23.11	NEUTRAL	The ADX value for RCI-B.CA suggests a possible start of a new trend.