RCO Technical Analysis - REMY COINTREAU

Technical Rating and Analysis

Overall RCO gets a technical rating of 0 out of 10. RCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

90% of all other stocks performed better in the past year than RCO.

RCO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

RCO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

RCO is an average performer in the Beverages industry, it outperforms 53% of 27 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

RCO 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

44.26

64.49

We found 2 important support areas.

Support @46.25 from a trend line in the daily time frame.
A support zone ranging from 44.71 to 44.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

6 important resistance areas can be observed.

A resistance zone ranging from 46.75 to 47.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @49.57 from a trend line in the daily time frame.
A resistance zone ranging from 50.41 to 50.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @57.21 from a trend line in the weekly time frame.
Resistance @60.40 from a trend line in the weekly time frame.
Resistance @63.85 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 RCO.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RCO.PA is down.
ChartMill Relative Strength	10.84	NEGATIVE	RCO.PA has a low relative strength, it was outperformed by 89.16% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RCO.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RCO.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RCO.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.24	NEUTRAL	The RSI value for RCO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.48	NEGATIVE	The MACD value suggests RCO.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.36	OVERSOLD	The low Stochastics value suggests RCO.PA may be oversold.
Average True Range in percent/ATR (20)	3.64	MEDIUM VOLATILITY	The ATR as a percentage value for RCO.PA suggests some volalility.
Average Directional Index/ADX (14)	20.48	NEUTRAL	The ADX value for RCO.PA suggests a possible start of a new trend.