RTO Technical Analysis - RENTOKIL INITIAL PLC-SP ADR

Technical Rating and Analysis

Taking everything into account, RTO scores 5 out of 10 in our technical rating. RTO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, RTO turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.

RTO is an average performer in the Commercial Services & Supplies industry, it outperforms 54% of 84 stocks in the same industry.

RTO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RTO is lagging the market.

In the last month RTO has a been trading in the 23.55 - 25.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RENTOKIL INITIAL PLC-SP ADR / RTO Weekly stock chart

RENTOKIL INITIAL PLC-SP ADR / RTO Daily stock chart

Setup Rating and Analysis

RTO has an average technical rating and it also 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.58

26.03

When analyzing the support we notice one important area.

A support zone ranging from 22.81 to 23.30. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 24.45 to 25.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for RTO is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RTO is down.
ChartMill Relative Strength	42.64	NEUTRAL	RTO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of RTO is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of RTO is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of RTO is above a declining SMA(200).
Relative Strength Index/RSI (14)	44.78	NEUTRAL	The RSI value for RTO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests RTO has a negative trend.
Stochastics (14,3)	35.26	NEUTRAL	The Stochastics value for RTO is a neutral value.
Average True Range in percent/ATR (20)	1.91	LOW VOLATILITY	The low ATR as a percentage value for RTO suggests low volalility.
Average Directional Index/ADX (14)	12.16	NEGATIVE	The low ADX value for RTO suggests a weak or negative trend.