RCI Technical Analysis - ROGERS COMMUNICATIONS INC-B

Technical Rating and Analysis

Overall RCI gets a technical rating of 4 out of 10. RCI was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

70% of all other stocks performed better in the past year than RCI.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

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.

In the last month RCI has a been trading in the 33.89 - 36.16 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

RCI is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry, RCI did better than 42% of them.

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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 Weekly stock chart

ROGERS COMMUNICATIONS INC-B / RCI Daily stock chart

Setup Rating and Analysis

RCI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.74, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

33.83

36.35

We found 1 important support area.

A support zone ranging from 34.17 to 34.74. 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 34.90 to 35.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RCI is neutral.
ChartMill Relative Strength	30.76	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)	UP	MIXED	The current price of RCI is below 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)	45.84	NEUTRAL	The RSI value for RCI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests RCI has a negative trend.
Stochastics (14,3)	45.08	NEUTRAL	The Stochastics value for RCI is a neutral value.
Average True Range in percent/ATR (20)	1.75	LOW VOLATILITY	The low ATR as a percentage value for RCI suggests low volalility.
Average Directional Index/ADX (14)	22.27	NEUTRAL	The ADX value for RCI suggests a possible start of a new trend.