ROGERS COMMUNICATIONS INC-B (RCI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RCI - CA7751092007 - Common Stock
We assign a technical rating of 7 out of 10 to RCI. Although RCI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
RCI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 38.80, a Stop Loss order could be placed below this zone.
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34.12
When analyzing the support we can see 4 important areas.
- A support zone ranging from 38.22 to 38.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.60 from a horizontal line in the daily time frame.
- Support @35.77 from a trend line in the daily time frame.
- A support zone ranging from 34.46 to 34.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @39.35 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 40.00 to 40.40. 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 | UP | POSITIVE | The long term trend for RCI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCI is up. |
| ChartMill Relative Strength | 75.21 | POSITIVE | RCI has a high relative strength, it outperformed 75.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RCI is above a declining 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) | UP | POSITIVE | The current price of RCI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.05 | NEUTRAL | The RSI value for RCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RCI has a positive trend. |
| Stochastics (14,3) | 91.01 | OVERBOUGHT | The high Stochastics value suggests RCI may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for RCI suggests low volalility. |
| Average Directional Index/ADX (14) | 10.66 | NEGATIVE | The low ADX value for RCI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.36 | 38.21 | 1.15 (2.92%) | 25.00% |
| An entry @39.36. This is a Buy Stop order right above the resistance zone. | An exit @38.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.15 points, which is 2.92%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
38.94
-0.18 (-0.46%)
ROGERS COMMUNICATIONS INC-B / RCI FAQ
What is the technical rating for RCI stock?
ChartMill assigns a technical rating of 7 / 10 to RCI.
Can you provide the trend direction for ROGERS COMMUNICATIONS INC-B?
The current trend direction for ROGERS COMMUNICATIONS INC-B (RCI) is Bullish.
What is the RSI signal for RCI stock?
ROGERS COMMUNICATIONS INC-B (RCI) has an RSI value of 59.049. This indicates that the stock is currently neutral.
What is the buy/sell signal for ROGERS COMMUNICATIONS INC-B (RCI) stock?
The buy/sell signal for ROGERS COMMUNICATIONS INC-B (RCI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ROGERS COMMUNICATIONS INC-B (RCI) stock?
ROGERS COMMUNICATIONS INC-B (RCI) has a support level at 38.8 and a resistance level at 39.35. Check the full technical report for our detailed analysis of RCI support and resistance levels.