RCM TECHNOLOGIES INC (RCMT) Technical Analysis
NASDAQ:RCMT • US7493604000
Current stock price
RCMT Technical Rating and Analysis
Overall RCMT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RCMT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, RCMT did better than 92% of all other stocks.
- RCMT is part of the Professional Services industry. There are 86 other stocks in this industry. RCMT outperforms 90% of them.
- RCMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- RCMT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RCMT Weekly and Daily overview Charts
RCMT Setup Rating and Analysis
RCMT has an excellent technical rating, but the quality of the setup is only medium 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
RCMT Support and Resistance Analysis
17.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.25 to 31.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.39 to 18.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.30 to 31.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
RCMT 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 RCMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCMT is up. |
| ChartMill Relative Strength | 92.16 | POSITIVE | RCMT has a high relative strength, it outperformed 92.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RCMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.36 | OVERBOUGHT | The high RSI value suggests RCMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests RCMT has a negative trend. |
| Stochastics (14,3) | 80.9 | OVERBOUGHT | The high Stochastics value suggests RCMT may be overbought. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for RCMT suggests high volalility. |
| Average Directional Index/ADX (14) | 50.9 | POSITIVE | The high ADX value value for RCMT suggests a strong trend. |
RCMT Chart- and CandleStick Pattern Analysis
RCMT Technicals: Chart, Performance Metrics, Trend & Indicators
31.26
-0.03 (-0.1%)
RCM TECHNOLOGIES INC / RCMT TA FAQ
Can you provide the ChartMill technical rating for RCM TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to RCMT.
What is the current trend direction of RCM TECHNOLOGIES INC (RCMT) stock?
The current trend direction for RCM TECHNOLOGIES INC (RCMT) is Bullish.
What is the RSI signal for RCM TECHNOLOGIES INC (RCMT) stock?
RCM TECHNOLOGIES INC (RCMT) has an RSI value of 72.3603. This indicates that the stock is currently overbought.
What is the short term momentum for RCMT stock?
The short term momentum for RCM TECHNOLOGIES INC (RCMT) is positive.
Can you provide the support and resistance levels for RCM TECHNOLOGIES INC?
RCM TECHNOLOGIES INC (RCMT) has a support level at 31.25 and a resistance level at 31.3. Check the full technical report for our detailed analysis of RCMT support and resistance levels.