RMCO Technical Analysis - ROYALTY MANAGEMENT HOLDING C

Technical Rating and Analysis

Overall RMCO gets a technical rating of 10 out of 10. 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 and short term trends are both positive. This is looking good!

Looking at the yearly performance, RMCO did better than 95% of all other stocks. We also observe that the gains produced by RMCO over the past year are nicely spread over this period.

RMCO is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. RMCO outperforms 93% 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 1.83 - 2.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed 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

ROYALTY MANAGEMENT HOLDING C / RMCO Weekly stock chart

ROYALTY MANAGEMENT HOLDING C / RMCO Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, RMCO 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

0.93

2.37

We found 3 important support areas.

Support @2.11 from a horizontal line in the daily time frame.
Support @1.20 from a trend line in the weekly time frame.
Support @0.94 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 2.35 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 RMCO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RMCO is up.
ChartMill Relative Strength	95.61	POSITIVE	RMCO has a high relative strength, it outperformed 95.61% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of RMCO is above a declining 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)	59.24	NEUTRAL	The RSI value for RMCO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests RMCO has a negative trend.
Stochastics (14,3)	63.4	NEUTRAL	The Stochastics value for RMCO is a neutral value.
Average True Range in percent/ATR (20)	6.38	HIGH VOLATILITY	The high ATR as a percentage value for RMCO suggests high volalility.
Average Directional Index/ADX (14)	51.34	POSITIVE	The high ADX value value for RMCO suggests a strong trend.