RPC INC (RES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RES - US7496601060 - Common Stock
We assign a technical rating of 8 out of 10 to RES. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RES is only an average performer.
Although RES has an excellent technical rating, it does not present a decent entry opportunity 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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4.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.40 to 5.45. 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 5.05 to 5.07. 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 4.30 to 4.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.87 to 5.90. 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 RES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RES is up. |
| ChartMill Relative Strength | 79.46 | POSITIVE | RES has a high relative strength, it outperformed 79.46% off all stocks 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 | MIXED | The current price of RES is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.72 | NEUTRAL | The RSI value for RES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RES has a positive trend. |
| Stochastics (14,3) | 92.49 | OVERBOUGHT | The high Stochastics value suggests RES may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for RES suggests some volalility. |
| Average Directional Index/ADX (14) | 32.27 | POSITIVE | The high ADX value value for RES suggests a strong trend. |
5.86
+0.05 (+0.86%)
RPC INC / RES FAQ
What is the technical rating for RES stock?
ChartMill assigns a technical rating of 8 / 10 to RES.
What is the current trend direction of RPC INC (RES) stock?
The current trend direction for RPC INC (RES) is Bullish.
Can you provide the RSI signal for RPC INC?
RPC INC (RES) has an RSI value of 69.7242. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RPC INC?
The MACD indicator for RPC INC (RES) has a value of 0.0408591, indicating a bearish trend.
Can you provide the support and resistance levels for RPC INC?
RPC INC (RES) has a support level at 5.45 and a resistance level at 5.87. Check the full technical report for our detailed analysis of RES support and resistance levels.