REGAL REXNORD CORP (RRX) Stock Technical Analysis
NYSE:RRX - New York Stock Exchange, Inc. - US7587501039 - Common Stock - Currency: USD
Taking everything into account, RRX scores 5 out of 10 in our technical rating. RRX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RRX has a been trading in the 130.26 - 146.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, RRX did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
RRX is part of the Electrical Equipment industry. There are 94 other stocks in this industry, RRX did better than 68% of them.
RRX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RRX is lagging the market slightly.
RRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 133.43, a Stop Loss order could be placed below this zone.
More info and screens
128.40
183.02
When analyzing the support we notice one important area.
- A support zone ranging from 129.70 to 133.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 141.44 to 145.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for RRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRX is up. |
| ChartMill Relative Strength | 70.73 | POSITIVE | RRX has a high relative strength, it outperformed 70.73% 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) | DOWN | NEGATIVE | The current price of RRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.48 | NEUTRAL | The RSI value for RRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests RRX has a negative trend. |
| Stochastics (14,3) | 68.35 | NEUTRAL | The Stochastics value for RRX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for RRX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.94 | POSITIVE | The high ADX value value for RRX suggests a strong 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)
137.69
-3.98 (-2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.81%
1 Week-1.54%
2 Weeks3.18%
1 Month-1.44%
3 Month17.97%
6 Month-18.47%
12 Month-0.6%
2 Year-10.53%
3 Year21.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.94
ATR(20)%2.89%
ATR Inc14.82%
Range Today4.26
ADR(20)3.62
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.73
Mansfield-0.99
10 Day High146.03
10 Day Low130.47
20 Day High146.03
20 Day Low130.26
52 Week High185.28
52 Week Low90.56
CS1 End133.43
CR1 Start141.44
Volume & EV
DER(3)-7.99%
DER(5)-6.55%
Volume562.20K
Volume Incr-14.95%
Vol(5)594.54K
Vol(50)859.91K