Taking everything into account, RCKY scores 7 out of 10 in our technical rating. In the last year, RCKY was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, RCKY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 29.61, a Stop Loss order could be placed below this zone.
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26.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 29.20 to 29.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.19 from a horizontal line in the daily time frame.
- Support @27.53 from a trend line in the daily time frame.
- A support zone ranging from 26.58 to 26.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 30.12 to 30.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.24 to 31.24. 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 RCKY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RCKY is neutral. |
| ChartMill Relative Strength | 80.61 | POSITIVE | RCKY has a high relative strength, it outperformed 80.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCKY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCKY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RCKY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.81 | NEUTRAL | The RSI value for RCKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RCKY has a negative trend. |
| Stochastics (14,3) | 47.91 | NEUTRAL | The Stochastics value for RCKY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for RCKY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.46 | POSITIVE | The high ADX value value for RCKY suggests a strong 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 |
|---|---|---|---|
| 30.63 | 29.59 | 1.04 (3.38%) | 25.00% |
| An entry @30.63. This is a Buy Stop order right above the resistance zone. | An exit @29.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.04 points, which is 3.38%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RCKY. Please evaluate whether better entry and exit points can be found.
- 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.
30.02
-0.2 (-0.66%)
ROCKY BRANDS INC / RCKY FAQ
What is the technical rating for RCKY stock?
ChartMill assigns a technical rating of 7 / 10 to RCKY.
Can you provide the trend direction for ROCKY BRANDS INC?
The current trend direction for ROCKY BRANDS INC (RCKY) is Bullish.
What is the RSI signal for ROCKY BRANDS INC (RCKY) stock?
ROCKY BRANDS INC (RCKY) has an RSI value of 49.8117. This indicates that the stock is currently neutral.
What is the MACD signal for RCKY stock?
The MACD indicator for ROCKY BRANDS INC (RCKY) has a value of -0.0785848, indicating a bearish trend.
What are the support and resistance levels for ROCKY BRANDS INC (RCKY) stock?
ROCKY BRANDS INC (RCKY) has a support level at 29.61 and a resistance level at 30.12. Check the full technical report for our detailed analysis of RCKY support and resistance levels.