ROYCE MICRO-CAP TRUST INC (RMT) Stock Technical Analysis
USA - NYSE:RMT - US7809151043
10.4 USD
-0.11 (-1.05%)
10.4 USD
0 (0%)
We assign a technical rating of 7 out of 10 to RMT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RMT is only an average performer.
The long and short term trends are both positive. This is looking good!
RMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, RMT outperforms 63% of them, which is more or less in line with the market.
In the last month RMT has a been trading in a tight range between 10.15 and 10.65.
RMT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RMT 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.
More info and screens
9.25
10.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.02 to 10.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.68 from a horizontal line in the daily time frame.
- A support zone ranging from 9.34 to 9.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.41 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 RMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMT is up. |
| ChartMill Relative Strength | 63.61 | NEUTRAL | RMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RMT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.17 | NEUTRAL | The RSI value for RMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RMT has a negative trend. |
| Stochastics (14,3) | 51.94 | NEUTRAL | The Stochastics value for RMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for RMT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.76 | NEGATIVE | The low ADX value for RMT suggests a weak or negative 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 |
|---|---|---|---|
| 10.56 | 10.25 | 0.31 (2.94%) | 25.00% |
| An entry @10.56. This is a Buy Stop order right above the resistance zone. | An exit @10.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 2.94%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
10.4
-0.11 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.05%
1 Week0%
2 Weeks1.17%
1 Month-0.19%
3 Month8.67%
6 Month32.82%
12 Month8%
2 Year33.16%
3 Year17.12%
5 Year34.89%
10 Year30%
15 Year20.51%
Volatility
ATR(14)0.15
ATR(20)%1.46%
ATR Inc-27.31%
Range Today0.12
ADR(20)0.14
ADR(20)%1.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.61
Mansfield-0.14
10 Day High10.6
10 Day Low10.26
20 Day High10.65
20 Day Low10.15
52 Week High10.65
52 Week Low7.25
CS1 End10.39
CR1 Start10.41
Volume & EV
DER(3)4.49%
DER(5)3.66%
Volume97.00K
Volume Incr29.96%
Vol(5)132.94K
Vol(50)122.73K