RHM Technical Analysis - RHEINMETALL AG

Technical Rating and Analysis

Taking everything into account, RHM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RHM has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that RHM is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by RHM over the past year are nicely spread over this period.

RHM is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 95% of 48 stocks in the same industry.

RHM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

RHM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

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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 excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1,576.08

1,969.51

We found 4 important support areas.

A support zone ranging from 1905.35 to 1911.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1707.69 from a trend line in the daily time frame.
Support @1652.93 from a trend line in the daily time frame.
Support @1592.00 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 1928.01 to 1950.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for RHM.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RHM.DE is up.
ChartMill Relative Strength	99.11	POSITIVE	RHM.DE has a high relative strength, it outperformed 99.11% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RHM.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RHM.DE is above 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)	63.6	NEUTRAL	The RSI value for RHM.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	10.51	POSITIVE	The MACD value suggests RHM.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.85	NEUTRAL	The Stochastics value for RHM.DE is a neutral value.
Average True Range in percent/ATR (20)	2.64	MEDIUM VOLATILITY	The ATR as a percentage value for RHM.DE suggests some volalility.
Average Directional Index/ADX (14)	23.37	NEUTRAL	The ADX value for RHM.DE suggests a possible start of a new trend.