ROGERS COMMUNICATIONS INC-B (RCI) Stock Technical Analysis
NYSE:RCI - New York Stock Exchange, Inc. - CA7751092007 - Common Stock - Currency: USD
Taking everything into account, RCI scores 7 out of 10 in our technical rating. In the last year, RCI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
RCI is one of the lesser performing stocks in the Wireless Telecommunication Services industry. 80% of 21 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month RCI has a been trading in the 26.30 - 32.37 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RCI has an average volume of 1222800 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 turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
RCI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RCI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RCI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
26.59
32.43
3 important support areas can be observed.
- Support @29.08 from a horizontal line in the daily time frame.
- A support zone ranging from 28.42 to 28.45. 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 26.86 to 27.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.08 to 32.11. 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 | NEUTRAL | NEUTRAL | The long term trend for RCI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCI is up. |
| ChartMill Relative Strength | 42.34 | NEUTRAL | RCI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RCI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 85.29 | OVERBOUGHT | The high RSI value suggests RCI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests RCI has a positive trend. |
| Stochastics (14,3) | 95.08 | OVERBOUGHT | The high Stochastics value suggests RCI may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for RCI suggests some volalility. |
| Average Directional Index/ADX (14) | 47.02 | POSITIVE | The high ADX value value for RCI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
32.07
+0.21 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg0.66%
1 Week9.34%
2 Weeks16.28%
1 Month19.62%
3 Month24.21%
6 Month3.99%
12 Month-13.21%
2 Year-26.75%
3 Year-30.22%
5 Year-21.47%
10 Year-8.58%
15 Year-7.63%
Volatility
ATR(14)0.73
ATR(20)%2.06%
ATR Inc147.84%
Range Today1.1
ADR(20)0.64
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.34
Mansfield-0.85
10 Day High32.37
10 Day Low27.56
20 Day High32.37
20 Day Low26.3
52 Week High41.84
52 Week Low23.18
CS1 End28.31
CR1 Start29.09
Volume & EV
DER(3)-1.01%
DER(5)-0.95%
Volume2.52M
Volume Incr52.1%
Vol(5)2.05M
Vol(50)1.22M