RCM TECHNOLOGIES INC (RCMT) Stock Technical Analysis
NASDAQ:RCMT - US7493604000 - Common Stock
25.94 USD
+1.59 (+6.53%)
25.94 USD
0 (0%)
Overall RCMT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, RCMT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RCMT is one of the better performing stocks in the market, outperforming 83% of all stocks.
RCMT is one of the better performing stocks in the Professional Services industry, it outperforms 91% of 81 stocks in the same industry.
RCMT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RCMT is lagging the market slightly.
In the last month RCMT has a been trading in the 20.98 - 26.11 range, which is quite wide. It is currently trading near the high of this range.
RCMT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
22.24
26.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.25 to 24.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.71 to 23.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.46 to 22.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @25.98 from a horizontal line in the weekly time frame.
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 | 83.34 | POSITIVE | RCMT has a high relative strength, it outperformed 83.34% 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) | 63.04 | NEUTRAL | The RSI value for RCMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests RCMT has a positive trend. |
| Stochastics (14,3) | 77.14 | NEUTRAL | The Stochastics value for RCMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for RCMT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for RCMT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 25.99 | 24.24 | 1.75 (6.73%) | 14.85% |
| An entry @25.99. This is a Buy Stop order right above the resistance zone. | An exit @24.24. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.75 points, which is 6.73%. | When investing 14.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RCMT. 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.
25.94
+1.59 (+6.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg6.53%
1 Week5.23%
2 Weeks14.12%
1 Month0.35%
3 Month13.18%
6 Month36.74%
12 Month35.53%
2 Year26.29%
3 Year48.57%
5 Year1541.77%
10 Year420.88%
15 Year421.93%
Volatility
ATR(14)1.33
ATR(20)%4.6%
ATR Inc-20.9%
Range Today1.14
ADR(20)1.15
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.34
Mansfield1.28
10 Day High26.05
10 Day Low20.98
20 Day High26.11
20 Day Low20.98
52 Week High27.24
52 Week Low13.18
CS1 End24.52
CR1 Start25.98
Volume & EV
DER(3)0.55%
DER(5)-0.16%
Volume106.60K
Volume Incr-9.91%
Vol(5)43.70K
Vol(50)64.87K