RCM TECHNOLOGIES INC (RCMT) Technical Analysis
NASDAQ:RCMT • US7493604000
Current stock price
RCMT Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to RCMT. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- RCMT is one of the better performing stocks in the Professional Services industry, it outperforms 83% of 87 stocks in the same industry.
- When comparing the yearly performance of all stocks, we notice that RCMT is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- RCMT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RCMT is lagging the market slightly.
- In the last month RCMT has a been trading in the 17.71 - 20.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RCMT Weekly and Daily overview Charts
RCMT Setup Rating and Analysis
RCMT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 19.62. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
RCMT Support and Resistance Analysis
18.12
When analyzing the support we can see 2 important areas.
- Support @18.64 from a trend line in the weekly time frame.
- Support @18.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.62 to 19.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.65 to 21.24. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for RCMT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RCMT is neutral. |
| ChartMill Relative Strength | 73.44 | POSITIVE | RCMT has a high relative strength, it outperformed 73.44% 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) | DOWN | MIXED | The current price of RCMT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RCMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.61 | NEUTRAL | The RSI value for RCMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RCMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.93 | NEUTRAL | The Stochastics value for RCMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for RCMT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for RCMT suggests a weak or negative trend. |
RCMT Chart- and CandleStick Pattern Analysis
RCMT Technicals: Chart, Performance Metrics, Trend & Indicators
19.59
+0.52 (+2.73%)
RCM TECHNOLOGIES INC / RCMT TA FAQ
Can you provide the ChartMill technical rating for RCM TECHNOLOGIES INC?
ChartMill assigns a technical rating of 2 / 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 Bearish.
What is the RSI signal for RCMT stock?
RCM TECHNOLOGIES INC (RCMT) has an RSI value of 52.6065. This indicates that the stock is currently neutral.
What is the MACD signal for RCM TECHNOLOGIES INC (RCMT) stock?
The MACD indicator for RCM TECHNOLOGIES INC (RCMT) has a value of 0.0750404, indicating a bearish trend.
What are the support and resistance levels for RCM TECHNOLOGIES INC (RCMT) stock?
RCM TECHNOLOGIES INC (RCMT) has a support level at 18.64 and a resistance level at 19.62. Check the full technical report for our detailed analysis of RCMT support and resistance levels.