ROYALTY MANAGEMENT HOLDING C (RMCO) Stock Technical Analysis
NASDAQ:RMCO - Nasdaq - US02369M1027 - Common Stock - Currency: USD
Taking everything into account, RMCO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RMCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RMCO is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, RMCO also shows a nice and consistent pattern of rising prices.
RMCO is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. RMCO outperforms 92% of them.
RMCO 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 RMCO is lagging the market slightly.
In the last month RMCO has a been trading in the 1.20 - 1.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RMCO has an excellent technical rating, it 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.
More info and screens
0.93
1.68
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.43 to 1.43. 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 1.32 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.14 from a trend line in the weekly time frame.
- Support @1.05 from a trend line in the weekly time frame.
- Support @0.94 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.60 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.66 to 1.66. This zone is formed by a combination of multiple trend lines in the daily 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 RMCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMCO is up. |
| ChartMill Relative Strength | 93.74 | POSITIVE | RMCO has a high relative strength, it outperformed 93.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RMCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RMCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.31 | NEUTRAL | The RSI value for RMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RMCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.11 | NEUTRAL | The Stochastics value for RMCO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for RMCO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.09 | POSITIVE | The high ADX value value for RMCO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.57
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0%
1 Week3.97%
2 Weeks18.94%
1 Month28.69%
3 Month34.19%
6 Month36.52%
12 Month84.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%8.08%
ATR Inc-19.37%
Range Today0.07
ADR(20)0.12
ADR(20)%7.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.74
Mansfield2.96
10 Day High1.81
10 Day Low1.28
20 Day High1.81
20 Day Low1.2
52 Week High1.88
52 Week Low0.76
CS1 End1.43
CR1 Start1.6
Volume & EV
DER(3)-3.04%
DER(5)-0.64%
Volume45.96K
Volume Incr5.96%
Vol(5)76.17K
Vol(50)80.82K