RCM TECHNOLOGIES INC (RCMT) Stock Technical Analysis
USA - NASDAQ:RCMT - US7493604000 - Common Stock
27.4 USD
-0.09 (-0.33%)
27.4 USD
0 (0%)
Overall RCMT gets a technical rating of 9 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.
The long and short term trends are both positive. This is looking good!
RCMT is one of the better performing stocks in the Professional Services industry, it outperforms 90% of 82 stocks in the same industry.
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.
In the last month RCMT has a been trading in the 24.87 - 28.27 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When comparing the yearly performance of all stocks, we notice that RCMT is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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 a resistance zone just above the current price starting at 27.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.26, a Stop Loss order could be placed below this zone. 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
22.24
27.76
3 important support areas can be observed.
- A support zone ranging from 26.56 to 27.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.01 to 25.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.46 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.42 to 27.49. 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 RCMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCMT is up. |
| ChartMill Relative Strength | 84.32 | POSITIVE | RCMT has a high relative strength, it outperformed 84.32% 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) | 61.69 | NEUTRAL | The RSI value for RCMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RCMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.63 | NEUTRAL | The Stochastics value for RCMT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for RCMT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.01 | 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 |
|---|---|---|---|
| 27.50 | 26.55 | 0.95 (3.45%) | 25.00% |
| An entry @27.50. This is a Buy Stop order right above the resistance zone. | An exit @26.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.95 points, which is 3.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
27.4
-0.09 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.33%
1 Week0.51%
2 Weeks-0.04%
1 Month12.53%
3 Month23.76%
6 Month80.98%
12 Month36.59%
2 Year40.23%
3 Year64.17%
5 Year1843.4%
10 Year456.91%
15 Year444.73%
Volatility
ATR(14)0.81
ATR(20)%3.92%
ATR Inc-24.78%
Range Today0.56
ADR(20)1.03
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.32
Mansfield1.43
10 Day High27.74
10 Day Low26
20 Day High28.27
20 Day Low24.87
52 Week High28.27
52 Week Low13.18
CS1 End27.26
CR1 Start27.42
Volume & EV
DER(3)-1.46%
DER(5)-1.65%
Volume90.80K
Volume Incr-8.71%
Vol(5)45.56K
Vol(50)51.83K