REGAL REXNORD CORP (RRX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RRX - US7587501039 - Common Stock
We assign a technical rating of 7 out of 10 to RRX. Although RRX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
RRX has an excellent technical rating, but the quality of the setup is only medium 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
We found 3 important support areas.
- A support zone ranging from 142.58 to 148.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.73 to 139.98. 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.
When analyzing the resistance we notice 5 important areas.
- Resistance @154.57 from a horizontal line in the daily time frame.
- Resistance @157.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 159.91 to 159.92. This zone is formed by a combination of multiple trend lines in the daily 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 | 56.16 | NEUTRAL | RRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RRX is above a declining 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) | 57.82 | NEUTRAL | The RSI value for RRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests RRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.98 | NEUTRAL | The Stochastics value for RRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for RRX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.36 | NEGATIVE | The low ADX value for RRX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 154.58 | 139.55 | 15.03 (9.73%) | 10.28% |
| An entry @154.58. This is a Buy Stop order right above the resistance zone. | An exit @139.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 15.03 points, which is 9.73%. | When investing 10.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
152.65
-1.62 (-1.05%)
REGAL REXNORD CORP / RRX FAQ
What is the technical rating for RRX stock?
ChartMill assigns a technical rating of 7 / 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 57.8199. 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 0.932773, indicating a bearish trend.
What is the support and resistance level for RRX stock?
REGAL REXNORD CORP (RRX) has a support level at 148.14 and a resistance level at 154.57. Check the full technical report for our detailed analysis of RRX support and resistance levels.