Rexnord Corp (RXN) Stock Technical Analysis
NYSE:RXN - New York Stock Exchange, Inc. -
We assign a technical rating of 10 out of 10 to RXN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RXN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RXN did better than 90% of all other stocks. On top of that, RXN also shows a nice and consistent pattern of rising prices.
RXN is part of the Machinery industry. There are 127 other stocks in this industry. RXN outperforms 87% of them.
RXN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RXN has a been trading in the 59.43 - 65.68 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, RXN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 63.44, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.13
65.85
When analyzing the support we can see 5 important areas.
- A support zone ranging from 62.47 to 63.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 59.24 to 61.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.78 from a trend line in the weekly time frame.
- Support @53.42 from a trend line in the daily time frame.
- Support @48.62 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.96 to 65.20. 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 RXN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RXN is up. |
| ChartMill Relative Strength | 90.86 | POSITIVE | RXN has a high relative strength, it outperformed 90.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RXN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RXN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RXN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.63 | NEUTRAL | The RSI value for RXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RXN has a positive trend. |
| Stochastics (14,3) | 81.71 | OVERBOUGHT | The high Stochastics value suggests RXN may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for RXN suggests some volalility. |
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)
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 |
|---|---|---|---|
| 65.21 | 62.46 | 2.75 (4.22%) | 23.71% |
| An entry @65.21. This is a Buy Stop order right above the resistance zone. | An exit @62.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.75 points, which is 4.22%. | For a 1.00% total portfolio risk, you can invest 23.71% of your capital in this trade. |
- 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.
64.95
+0.58 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.9%
1 Week1.25%
2 Weeks6.2%
1 Month2.72%
3 Month24.57%
6 Month33.7%
12 Month103.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.61
ATR(20)%2.38%
ATR Inc6.78%
Range Today1.42
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.86
Mansfield2.76
10 Day High65.68
10 Day Low59.98
20 Day High65.68
20 Day Low59.43
52 Week High65.68
52 Week Low28.35
CS1 End63.44
CR1 Start64.96
Volume & EV
DER(3)0.01%
DER(5)1.35%
Volume1.31M
Volume Incr48.66%
Vol(5)1.15M
Vol(50)737.24K