ROWAN COMPANIES PLC (RDC) Stock Technical Analysis
USA - NYSE:RDC -
Taking everything into account, RDC scores 0 out of 10 in our technical rating. RDC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
RDC 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. There is a support zone below the current price at 10.78, a Stop Loss order could be placed below this zone.
More info and screens
10.67
When analyzing the support we notice one important area.
- A support zone ranging from 10.78 to 10.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.99 to 11.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.37 to 11.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.32 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for RDC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RDC is down. |
| ChartMill Relative Strength | 18.35 | NEGATIVE | RDC has a low relative strength, it was outperformed by 81.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RDC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RDC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.41 | NEUTRAL | The RSI value for RDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RDC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.03 | NEUTRAL | The Stochastics value for RDC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for RDC suggests some volalility. |
10.93
-0.08 (-0.73%)
ROWAN COMPANIES PLC / RDC FAQ
Can you provide the ChartMill technical rating for ROWAN COMPANIES PLC?
ChartMill assigns a technical rating of 0 / 10 to RDC.
What is the current trend direction of ROWAN COMPANIES PLC (RDC) stock?
The current trend direction for ROWAN COMPANIES PLC (RDC) is Bearish.
Can you provide the RSI signal for ROWAN COMPANIES PLC?
ROWAN COMPANIES PLC (RDC) has an RSI value of 42.4124. This indicates that the stock is currently neutral.
What is the MACD signal for RDC stock?
The MACD indicator for ROWAN COMPANIES PLC (RDC) has a value of -0.0240054, indicating a bearish trend.
What is the buy/sell signal for RDC stock?
The buy/sell signal for ROWAN COMPANIES PLC (RDC) is sell as both the short term and long term trends are negative.