ROCKY BRANDS INC (RCKY) Stock Technical Analysis
USA - NASDAQ:RCKY - US7745151008 - Common Stock
We assign a technical rating of 7 out of 10 to RCKY. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, RCKY also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 29.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RCKY in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
25.55
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.58 to 29.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.03 to 28.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- Support @25.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @29.87 from a trend line in the weekly time frame.
- A resistance zone ranging from 30.48 to 30.68. 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 | 86.43 | POSITIVE | RCKY has a high relative strength, it outperformed 86.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCKY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RCKY is above a declining 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) | 57.23 | NEUTRAL | The RSI value for RCKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests RCKY has a positive trend. |
| Stochastics (14,3) | 46.03 | NEUTRAL | The Stochastics value for RCKY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for RCKY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.5 | 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 |
|---|---|---|---|
| 29.88 | 28.57 | 1.31 (4.38%) | 22.81% |
| An entry @29.88. This is a Buy Stop order right above the resistance zone. | An exit @28.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.31 points, which is 4.38%. | For a 1.00% total portfolio risk, you can invest 22.81% 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.
29.74
-0.09 (-0.3%)
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 57.2277. 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 0.124011, 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 29.07 and a resistance level at 29.87. Check the full technical report for our detailed analysis of RCKY support and resistance levels.