THE RMR GROUP INC. - Daily - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 48.74 USD
My targets
43.75 USD (-2.54%)
40.91 USD (-8.87%)
My analysis
The bearish trend is currently very strong for THE RMR GROUP INC.. As long as the price remains below the resistance at 48.74 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 43.75 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 40.91 USD as an objective. Crossing it would then enable sellers to target 34.35 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE RMR GROUP INC. rating is 44.89 USD. On the day, this instrument lost -0.36% with the lowest point at 44.65 USD and the highest point at 45.30 USD. The deviation from the price is +0.54% for the low point and -0.91% for the high point.44.65
45.30
44.89
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THE RMR GROUP INC.:
Technical
Technical analysis of this Daily chart of THE RMR GROUP INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.01 | 34.35 | 43.75 | 44.89 | 48.74 | 51.69 | 60.53 |
| Change (%) | -46.51% | -23.48% | -2.54% | - | +8.58% | +15.15% | +34.84% |
| Change | -20.88 | -10.54 | -1.14 | - | +3.85 | +6.80 | +15.64 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.34 | 44.14 | 44.59 | 45.39 | 45.84 | 46.64 | 47.09 |
| Camarilla | 44.71 | 44.82 | 44.94 | 45.05 | 45.17 | 45.28 | 45.39 |
| Woodie | 43.18 | 44.05 | 44.43 | 45.30 | 45.68 | 46.55 | 46.93 |
| Fibonacci | 44.14 | 44.61 | 44.91 | 45.39 | 45.86 | 46.16 | 46.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.27 | 44.71 | 45.43 | 45.87 | 46.59 | 47.03 | 47.75 |
| Camarilla | 45.84 | 45.95 | 46.05 | 46.16 | 46.27 | 46.37 | 46.48 |
| Woodie | 44.42 | 44.78 | 45.58 | 45.94 | 46.74 | 47.10 | 47.90 |
| Fibonacci | 44.71 | 45.15 | 45.42 | 45.87 | 46.31 | 46.58 | 47.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.91 | 43.33 | 45.15 | 47.57 | 49.39 | 51.81 | 53.63 |
| Camarilla | 45.80 | 46.19 | 46.58 | 46.97 | 47.36 | 47.75 | 48.14 |
| Woodie | 40.61 | 43.18 | 44.85 | 47.42 | 49.09 | 51.66 | 53.33 |
| Fibonacci | 43.33 | 44.95 | 45.95 | 47.57 | 49.19 | 50.19 | 51.81 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.43 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -7.91 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 45.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.70 | |
| Elder Ray (13): | -0.69 | |
| Super Trend (3,10): | 47.73 | |
| Zig ZAG (10): | 44.89 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 21.92 | |
| TEMA (21): | 45.05 | |
| Williams %R (14): | -90.30 | |
| Chande Momentum Oscillator (20): | -1.14 | |
| Repulse (5,40,3): | -2.6700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.18 |
| MA7: | 45.52 | |
| MA20: | 45.89 | |
| MA50: | 46.81 | |
| MA100: | 45.98 | |
| MAexp7: | 45.42 | |
| MAexp20: | 45.90 | |
| MAexp50: | 46.29 | |
| MAexp100: | 46.93 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | -2.18% | |
| Price / MA50: | -4.10% | |
| Price / MA100: | -2.37% | |
| Price / MAexp7: | -1.17% | |
| Price / MAexp20: | -2.20% | |
| Price / MAexp50: | -3.02% | |
| Price / MAexp100: | -4.35% |
News
The latest news and videos published on THE RMR GROUP INC. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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