RCMT Technical Analysis - RCM TECHNOLOGIES INC

Technical Rating and Analysis

Overall RCMT gets a technical rating of 1 out of 10. RCMT 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 RCMT has a been trading in the 22.64 - 27.62 range, which is quite wide. It is currently trading near the lows of this range.

RCMT is part of the Professional Services industry. There are 82 other stocks in this industry. RCMT outperforms 71% of them.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When comparing the performance of all stocks over the past year, RCMT turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.

RCMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RCMT is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RCM TECHNOLOGIES INC / RCMT Weekly stock chart

RCM TECHNOLOGIES INC / RCMT Daily stock chart

Setup Rating and Analysis

RCMT has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.24

27.39

2 important support areas can be observed.

A support zone ranging from 23.11 to 23.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @22.46 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @27.12 from a trend line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for RCMT is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RCMT is down.
ChartMill Relative Strength	42.24	NEUTRAL	RCMT is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RCMT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RCMT is below a declining 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)	32.27	NEUTRAL	The RSI value for RCMT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.37	NEGATIVE	The MACD value suggests RCMT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.54	OVERSOLD	The low Stochastics value suggests RCMT may be oversold.
Average True Range in percent/ATR (20)	3.72	MEDIUM VOLATILITY	The ATR as a percentage value for RCMT suggests some volalility.
Average Directional Index/ADX (14)	26.83	POSITIVE	The high ADX value value for RCMT suggests a strong trend.