ROCKY MOUNTAIN CHOC FACT INC (RMCF) Stock Technical Analysis
USA - NASDAQ:RMCF - US77467X1019 - Common Stock
Taking everything into account, RMCF scores 6 out of 10 in our technical rating. Although RMCF is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, RMCF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RMCF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.59 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.55 from a trend line in the daily time frame.
- Support @1.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.78 from a trend line in the daily time frame.
- Resistance @1.84 from a horizontal line in the daily time frame.
- Resistance @1.94 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for RMCF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RMCF is neutral. |
| ChartMill Relative Strength | 14.55 | NEGATIVE | RMCF has a low relative strength, it was outperformed by 85.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMCF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RMCF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RMCF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.34 | NEUTRAL | The RSI value for RMCF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RMCF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.27 | NEUTRAL | The Stochastics value for RMCF is a neutral value. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for RMCF suggests high volalility. |
| Average Directional Index/ADX (14) | 22.74 | NEUTRAL | The ADX value for RMCF suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.79 | 1.58 | 0.21 (11.73%) | 8.52% |
| An entry @1.79. This is a Buy Stop order right above the resistance zone. | An exit @1.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.21 points, which is 11.73%. | When investing 8.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.72
+0.03 (+1.78%)
ROCKY MOUNTAIN CHOC FACT INC / RMCF FAQ
What is the ChartMill technical rating of ROCKY MOUNTAIN CHOC FACT INC (RMCF) stock?
ChartMill assigns a technical rating of 6 / 10 to RMCF.
What is the current trend direction of ROCKY MOUNTAIN CHOC FACT INC (RMCF) stock?
The current trend direction for ROCKY MOUNTAIN CHOC FACT INC (RMCF) is Bullish.
Can you provide the RSI signal for ROCKY MOUNTAIN CHOC FACT INC?
ROCKY MOUNTAIN CHOC FACT INC (RMCF) has an RSI value of 52.3429. This indicates that the stock is currently neutral.
What is the MACD signal for RMCF stock?
The MACD indicator for ROCKY MOUNTAIN CHOC FACT INC (RMCF) has a value of 0.00118601, indicating a bearish trend.
What is the support and resistance level for RMCF stock?
ROCKY MOUNTAIN CHOC FACT INC (RMCF) has a support level at 1.63 and a resistance level at 1.78. Check the full technical report for our detailed analysis of RMCF support and resistance levels.