RMCF Technical Analysis - ROCKY MOUNTAIN CHOC FACT INC

Technical Rating and Analysis

Taking everything into account, RMCF scores 6 out of 10 in our technical rating. In the last year, RMCF was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

RMCF 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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

RMCF is one of the better performing stocks in the Food Products industry, it outperforms 70% of 89 stocks in the same industry.

When comparing the performance of all stocks over the past year, RMCF turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.

In the last month RMCF has a been trading in the 1.41 - 2.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ROCKY MOUNTAIN CHOC FACT INC / RMCF Weekly stock chart

ROCKY MOUNTAIN CHOC FACT INC / RMCF Daily stock chart

Setup Rating and Analysis

RMCF has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.24

2.15

5 important support areas can be observed.

Support @1.54 from a trend line in the daily time frame.
Support @1.51 from a trend line in the weekly time frame.
Support @1.48 from a horizontal line in the daily time frame.
Support @1.43 from a horizontal line in the daily time frame.
Support @1.25 from a trend line in the daily time frame.

2 important resistance areas can be observed.

Resistance @1.94 from a horizontal line in the weekly time frame.
Resistance @2.13 from a trend line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for RMCF is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RMCF is up.
ChartMill Relative Strength	50.09	NEUTRAL	RMCF is not amongst the best or worst performers 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)	DOWN	MIXED	The current price of RMCF is above a declining 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)	54.22	NEUTRAL	The RSI value for RMCF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests RMCF has a positive trend, although the MACD value is declining.
Stochastics (14,3)	48.49	NEUTRAL	The Stochastics value for RMCF is a neutral value.
Average True Range in percent/ATR (20)	8.5	HIGH VOLATILITY	The high ATR as a percentage value for RMCF suggests high volalility.
Average Directional Index/ADX (14)	30.56	POSITIVE	The high ADX value value for RMCF suggests a strong trend.