RPC INC (RES) Stock Technical Analysis
NYSE:RES - New York Stock Exchange, Inc. - US7496601060 - Common Stock - Currency: USD
Taking everything into account, RES scores 2 out of 10 in our technical rating. In the past year, RES was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, RES is a bad performer in the overall market: 63% of all stocks are doing better.
RES 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.
RES has an average volume of 1438670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RES is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, RES did better than 54% of them.
In the last month RES has a been trading in the 4.55 - 5.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of RES is bad and it also does not present a quality setup 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.
More info and screens
4.39
7.21
We found 5 important support areas.
- Support @5.10 from a trend line in the daily time frame.
- A support zone ranging from 4.81 to 4.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.72 from a trend line in the daily time frame.
- Support @4.53 from a trend line in the daily time frame.
- A support zone ranging from 4.43 to 4.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.16 to 5.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.33 from a trend line in the weekly time frame.
- Resistance @6.96 from a horizontal line in the weekly time frame.
- Resistance @7.14 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 RES is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RES is neutral. |
| ChartMill Relative Strength | 37.55 | NEUTRAL | RES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RES is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.99 | NEUTRAL | The RSI value for RES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RES has a positive trend. |
| Stochastics (14,3) | 51.14 | NEUTRAL | The Stochastics value for RES is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for RES suggests some volalility. |
| Average Directional Index/ADX (14) | 19.23 | NEGATIVE | The low ADX value for RES 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)
5.15
+0.2 (+4.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg4.04%
1 Week10.52%
2 Weeks-0.96%
1 Month8.88%
3 Month19.21%
6 Month-16.53%
12 Month-13.59%
2 Year-38.1%
3 Year-36.89%
5 Year73.4%
10 Year-58.13%
15 Year-30.53%
Volatility
ATR(14)0.2
ATR(20)%3.88%
ATR Inc74%
Range Today0.26
ADR(20)0.19
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.55
Mansfield-1.74
10 Day High5.3
10 Day Low4.57
20 Day High5.3
20 Day Low4.55
52 Week High7.54
52 Week Low4.1
CS1 EndN/A
CR1 Start5.08
Volume & EV
DER(3)8.08%
DER(5)4.77%
Volume1.64M
Volume Incr12.28%
Vol(5)1.80M
Vol(50)1.44M