ROYCE MICRO-CAP TRUST INC (RMT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RMT • US7809151043
Taking everything into account, RMT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RMT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, RMT did better than 75% of all other stocks.
- RMT is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
- RMT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, RMT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
9.32
We found 6 important support areas.
- A support zone ranging from 11.39 to 11.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.81 to 11.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.37 to 10.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.86 from a trend line in the daily time frame.
- Support @9.64 from a horizontal line in the daily time frame.
- Support @9.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @11.80 from a horizontal line 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 RMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMT is up. |
| ChartMill Relative Strength | 75.72 | POSITIVE | RMT has a high relative strength, it outperformed 75.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMT is above the rising 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) | 64.35 | 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) | 52.56 | NEUTRAL | The Stochastics value for RMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for RMT suggests low volalility. |
| Average Directional Index/ADX (14) | 39.32 | POSITIVE | The high ADX value value for RMT suggests a strong trend. |
11.59
+0.1 (+0.87%)
ROYCE MICRO-CAP TRUST INC / RMT FAQ
What is the technical rating for RMT stock?
ChartMill assigns a technical rating of 9 / 10 to RMT.
Can you provide the trend direction for ROYCE MICRO-CAP TRUST INC?
The current trend direction for ROYCE MICRO-CAP TRUST INC (RMT) is Bullish.
What is the RSI signal for RMT stock?
ROYCE MICRO-CAP TRUST INC (RMT) has an RSI value of 64.3543. This indicates that the stock is currently neutral.
What is the short term momentum for RMT stock?
The short term momentum for ROYCE MICRO-CAP TRUST INC (RMT) is positive.
What are the support and resistance levels for ROYCE MICRO-CAP TRUST INC (RMT) stock?
ROYCE MICRO-CAP TRUST INC (RMT) has a support level at 11.57 and a resistance level at 11.8. Check the full technical report for our detailed analysis of RMT support and resistance levels.