RHM Technical Analysis - RHEINMETALL AG

Technical Rating and Analysis

Taking everything into account, RHM scores 6 out of 10 in our technical rating. RHM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month RHM has a been trading in the 1640.50 - 2008.00 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Looking at the yearly performance, RHM did better than 98% of all other stocks. On top of that, RHM also shows a nice and consistent pattern of rising prices.

RHM is part of the Aerospace & Defense industry. There are 42 other stocks in this industry. RHM outperforms 95% of them.

RHM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RHM is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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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

RHM has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1,530.04

1,812.88

When analyzing the support we can see 3 important areas.

Support @1620.49 from a horizontal line in the weekly time frame.
Support @1592.00 from a horizontal line in the daily time frame.
Support @1545.49 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 1661.51 to 1670.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1774.51 to 1794.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for RHM.DE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RHM.DE is down.
ChartMill Relative Strength	98.67	POSITIVE	RHM.DE has a high relative strength, it outperformed 98.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RHM.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of RHM.DE is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RHM.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	31.05	NEUTRAL	The RSI value for RHM.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-35.34	NEGATIVE	The MACD value suggests RHM.DE has a negative trend.
Stochastics (14,3)	13.16	OVERSOLD	The low Stochastics value suggests RHM.DE may be oversold.
Average True Range in percent/ATR (20)	3.72	MEDIUM VOLATILITY	The ATR as a percentage value for RHM.DE suggests some volalility.
Average Directional Index/ADX (14)	24.48	NEUTRAL	The ADX value for RHM.DE suggests a possible start of a new trend.