ROYALTY MANAGEMENT HOLDING C (RMCO) Stock Technical Analysis
NASDAQ:RMCO - Nasdaq - US02369M1027 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RMCO. 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, RMCO did better than 83% of all other stocks. On top of that, RMCO also shows a nice and consistent pattern of rising prices.
RMCO is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 86% of 83 stocks in the same industry.
RMCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RMCO is lagging the market.
In the last month RMCO has a been trading in the 1.18 - 1.88 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.
RMCO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.93
1.61
We found 4 important support areas.
- Support @1.23 from a trend line in the daily time frame.
- A support zone ranging from 1.11 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.04 from a trend line in the weekly time frame.
- A support zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.46 from a horizontal line in the daily time frame.
- Resistance @1.59 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 RMCO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RMCO is neutral. |
| ChartMill Relative Strength | 83.88 | POSITIVE | RMCO has a high relative strength, it outperformed 83.88% 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) | 58.04 | NEUTRAL | The RSI value for RMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RMCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.91 | NEUTRAL | The Stochastics value for RMCO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.48 | HIGH VOLATILITY | The high ATR as a percentage value for RMCO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.09 | 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)
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 |
|---|---|---|---|
| 1.47 | 1.22 | 0.25 (17.01%) | 5.88% |
| An entry @1.47. This is a Buy Stop order right above the resistance zone. | An exit @1.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.25 points, which is 17.01%. | For a 1.00% total portfolio risk, you can invest 5.88% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RMCO. Please evaluate whether better entry and exit points can be found.
- 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.
1.445
+0.02 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg1.05%
1 Week20.42%
2 Weeks-0.9%
1 Month18.44%
3 Month16.53%
6 Month35.05%
12 Month37.62%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%11.48%
ATR Inc32.1%
Range Today0.21
ADR(20)0.16
ADR(20)%11.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.88
Mansfield2.37
10 Day High1.56
10 Day Low1.18
20 Day High1.88
20 Day Low1.18
52 Week High1.88
52 Week Low0.76
CS1 End1.23
CR1 Start1.46
Volume & EV
DER(3)-1.68%
DER(5)-2.17%
Volume190.10K
Volume Incr50.87%
Vol(5)176.14K
Vol(50)76.24K