ROGERS COMMUNICATIONS INC-B (RCI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RCI - CA7751092007 - Common Stock
Taking everything into account, RCI scores 1 out of 10 in our technical rating. RCI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month RCI has a been trading in the 35.52 - 38.40 range, which is quite wide. It is currently trading near the lows of this range.
- RCI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RCI is lagging the market slightly.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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 68% of all stocks.
- RCI is an average performer in the Wireless Telecommunication Services industry, it outperforms 61% of 22 stocks in the same industry.
The technical rating of RCI is bad and it also does not present a quality setup 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
35.08
We found 1 important support area.
- A support zone ranging from 35.43 to 35.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 36.59 to 37.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.53 from a horizontal line in the daily time frame.
- Resistance @39.35 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 39.99 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 | NEUTRAL | NEUTRAL | The long term trend for RCI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RCI is down. |
| ChartMill Relative Strength | 68.23 | NEUTRAL | RCI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RCI is below a declining 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) | 34.34 | NEUTRAL | The RSI value for RCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests RCI has a negative trend. |
| Stochastics (14,3) | 7.51 | OVERSOLD | The low Stochastics value suggests RCI may be oversold. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for RCI suggests low volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for RCI suggests a weak or negative trend. |
35.58
-0.51 (-1.41%)
ROGERS COMMUNICATIONS INC-B / RCI FAQ
What is the technical rating for RCI stock?
ChartMill assigns a technical rating of 1 / 10 to RCI.
What is the trend direction for RCI stock?
The current trend direction for ROGERS COMMUNICATIONS INC-B (RCI) is Bearish.
What is the RSI signal for RCI stock?
ROGERS COMMUNICATIONS INC-B (RCI) has an RSI value of 34.3396. This indicates that the stock is currently neutral.
What is the short term momentum for RCI stock?
The short term momentum for ROGERS COMMUNICATIONS INC-B (RCI) is negative.