REGAL REXNORD CORP (RRX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RRX - US7587501039 - Common Stock
Overall RRX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RRX is only an average performer.
Although RRX 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.
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130.46
When analyzing the support we can see 5 important areas.
- Support @149.59 from a trend line in the weekly time frame.
- A support zone ranging from 144.59 to 146.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 142.03 to 142.27. 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 134.73 to 137.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @131.78 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @157.21 from a horizontal line in the weekly time frame.
- Resistance @170.90 from a trend line in the weekly time frame.
- Resistance @181.21 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 RRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRX is up. |
| ChartMill Relative Strength | 55.19 | NEUTRAL | RRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.33 | NEUTRAL | The RSI value for RRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests RRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.02 | NEUTRAL | The Stochastics value for RRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for RRX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for RRX suggests a weak or negative trend. |
150.43
-7.2 (-4.57%)
REGAL REXNORD CORP / RRX FAQ
What is the technical rating for RRX stock?
ChartMill assigns a technical rating of 8 / 10 to RRX.
Can you provide the trend direction for REGAL REXNORD CORP?
The current trend direction for REGAL REXNORD CORP (RRX) is Bullish.
Can you provide the RSI signal for REGAL REXNORD CORP?
REGAL REXNORD CORP (RRX) has an RSI value of 56.328. This indicates that the stock is currently neutral.
What is the MACD signal for REGAL REXNORD CORP (RRX) stock?
The MACD indicator for REGAL REXNORD CORP (RRX) has a value of 0.802302, indicating a bearish trend.
What is the support and resistance level for RRX stock?
REGAL REXNORD CORP (RRX) has a support level at 149.59 and a resistance level at 157.21. Check the full technical report for our detailed analysis of RRX support and resistance levels.