REGAL REXNORD CORP (RRX) Technical Analysis
NYSE:RRX • US7587501039
Current stock price
RRX Technical Rating and Analysis
Taking everything into account, RRX scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month RRX has a been trading in the 172.94 - 227.34 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, RRX did better than 90% of all other stocks. On top of that, RRX also shows a nice and consistent pattern of rising prices.
- RRX is part of the Electrical Equipment industry. There are 92 other stocks in this industry. RRX outperforms 71% of them.
- RRX has an average volume of 1178370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- 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 Weekly and Daily overview Charts
RRX Setup Rating and Analysis
Although RRX has an excellent technical rating, the quality of the presented setup is not ideal 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
RRX Support and Resistance Analysis
136.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 175.39 to 175.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @137.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 200.01 to 202.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
RRX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for RRX is down. |
| ChartMill Relative Strength | 90.63 | POSITIVE | RRX has a high relative strength, it outperformed 90.63% 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 | MIXED | The current price of RRX is below 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) | 42.79 | NEUTRAL | The RSI value for RRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.51 | NEGATIVE | The MACD value suggests RRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.51 | OVERSOLD | The low Stochastics value suggests RRX may be oversold. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for RRX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.8 | POSITIVE | The high ADX value value for RRX suggests a strong trend. |
RRX Chart- and CandleStick Pattern Analysis
RRX Technicals: Chart, Performance Metrics, Trend & Indicators
183.94
+8.54 (+4.87%)
REGAL REXNORD CORP / RRX TA 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 42.7859. 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 -3.51232, indicating a bearish trend.
What is the support and resistance level for RRX stock?
REGAL REXNORD CORP (RRX) has a support level at 175.39 and a resistance level at 200.01. Check the full technical report for our detailed analysis of RRX support and resistance levels.