REGAL REXNORD CORP (RRX) Technical Analysis
NYSE:RRX • US7587501039
Taking everything into account, RRX scores 9 out of 10 in our technical rating. In the last year, RRX was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, RRX did better than 92% of all other stocks. We also observe that the gains produced by RRX over the past year are nicely spread over this period.
- RRX is part of the Electrical Equipment industry. There are 91 other stocks in this industry. RRX outperforms 77% of them.
- RRX 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 RRX is lagging the market slightly.
- RRX has an average volume of 1073830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month RRX has a been trading in the 178.38 - 229.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although RRX has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
130.46
When analyzing the support we can see 5 important areas.
- Support @189.65 from a trend line in the daily time frame.
- A support zone ranging from 183.21 to 186.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @160.46 from a trend line in the daily time frame.
- Support @137.69 from a horizontal line in the daily time frame.
- Support @131.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 220.99 to 224.09. This zone is formed by a combination of multiple trend lines 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 RRX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RRX is neutral. |
| ChartMill Relative Strength | 92.48 | POSITIVE | RRX has a high relative strength, it outperformed 92.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RRX is below 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) | 50.97 | NEUTRAL | The RSI value for RRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.49 | NEGATIVE | The MACD value suggests RRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.02 | NEUTRAL | The Stochastics value for RRX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for RRX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.21 | POSITIVE | The high ADX value value for RRX suggests a strong trend. |
RRX Technicals: Chart, Performance Metrics, Trend & Indicators
202.4
+1 (+0.5%)
REGAL REXNORD CORP / RRX FAQ
What is the technical rating for RRX stock?
ChartMill assigns a technical rating of 9 / 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 50.9685. 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 -4.48511, indicating a bearish trend.
What is the support and resistance level for RRX stock?
REGAL REXNORD CORP (RRX) has a support level at 189.65 and a resistance level at 220.99. Check the full technical report for our detailed analysis of RRX support and resistance levels.