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 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RCI is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month RCI has a been trading in the 32.95 - 35.43 range, which is quite wide. It is currently trading near the high of this range.
RCI has an average volume of 1497810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RCI did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
RCI is an average performer in the Wireless Telecommunication Services industry, it outperforms 50% of 21 stocks in the same industry.
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.
Considerably lower volume is observed in the last couple of days.
Although RCI 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.
More info and screens
32.60
35.68
We found 2 important support areas.
- A support zone ranging from 33.68 to 34.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.93 to 33.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.33 to 35.33. 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 | 75.1 | POSITIVE | RCI has a high relative strength, it outperformed 75.1% off all stocks 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) | 71.2 | OVERBOUGHT | The high RSI value suggests RCI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RCI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.42 | OVERBOUGHT | The high Stochastics value suggests RCI may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for RCI suggests low volalility. |
| Average Directional Index/ADX (14) | 44.27 | 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)
35.32
+0.26 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg0.74%
1 Week3.97%
2 Weeks4.84%
1 Month7.26%
3 Month38.18%
6 Month26.01%
12 Month-10.67%
2 Year-13.18%
3 Year-17.97%
5 Year-15.14%
10 Year3.52%
15 Year1.47%
Volatility
ATR(14)0.59
ATR(20)%1.83%
ATR Inc-18.97%
Range Today0.46
ADR(20)0.63
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.1
Mansfield0.14
10 Day High35.43
10 Day Low32.96
20 Day High35.43
20 Day Low32.95
52 Week High41.84
52 Week Low23.18
CS1 End34.16
CR1 Start35.33
Volume & EV
DER(3)-3.02%
DER(5)-2.53%
Volume1.01M
Volume Incr-36.31%
Vol(5)921.54K
Vol(50)1.50M