RB GLOBAL INC.
RB GLOBAL INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RBA
ISIN: CA7677441056

RB GLOBAL INC. - Daily - Technical analysis published on 11/18/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 39.43 USD
My targets
42.91 USD (+1.52%)
44.58 USD (+5.46%)
My analysis
RITCHIE BROS. AUCTIONEERS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 39.43 USD. The next resistance located at 42.91 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 44.58 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The RITCHIE BROS. AUCTIONEERS INC. price is 42.27 USD. The price is lower by -0.31% since the last closing and was traded between 42.12 USD and 42.52 USD over the period. The price is currently at +0.36% from its lowest and -0.59% from its highest.

42.12
42.52
42.27

Here is a more detailed summary of the historical variations registered by RITCHIE BROS. AUCTIONEERS INC.:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of RITCHIE BROS. AUCTIONEERS INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

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
Price


S3S2S1Price
ProTrendLines 36.24 38.01 39.43 42.27
Change (%) -14.27% -10.08% -6.72% -
Change -6.03 -4.26 -2.84 -
Level Intermediate Minor Major -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard40.6541.0141.7142.0742.7643.1343.82
Camarilla42.1142.2142.3042.4042.5042.5942.69
Woodie40.8241.0941.8742.1542.9343.2143.99
Fibonacci41.0141.4241.6642.0742.4742.7243.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.9337.6739.4841.2243.0344.7746.58
Camarilla40.3040.6340.9641.2841.6141.9342.26
Woodie35.9637.6939.5141.2443.0644.7946.61
Fibonacci37.6739.0339.8741.2242.5843.4244.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.9037.7939.4640.3542.0242.9144.58
Camarilla40.4240.6540.8941.1241.3641.5941.82
Woodie37.2837.9939.8440.5542.4043.1144.96
Fibonacci37.7938.7739.3840.3541.3341.9442.91

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 69.07
MACD (12,26,9): 0.6700
Directional Movement: -1.16
AROON (14): 0
DEMA (21): 42.07
Parabolic SAR (0,02-0,02-0,2): 42.76
Elder Ray (13): 0.76
Super Trend (3,10): 39.92
Zig ZAG (10): 42.27
VORTEX (21): 1.1600
Stochastique (14,3,5): 74.65
TEMA (21): 42.26
Williams %R (14): -19.72
Chande Momentum Oscillator (20): 1.37
Repulse (5,40,3): 1.2800
ROCnROLL: 1
TRIX (15,9): 0.2200
Courbe Coppock: 7.75
MA7: 41.85
MA20: 41.13
MA50: 39.84
MA100: 38.10
MAexp7: 41.89
MAexp20: 41.20
MAexp50: 40.04
MAexp100: 38.61
Price / MA7: +1.00%
Price / MA20: +2.77%
Price / MA50: +6.10%
Price / MA100: +10.94%
Price / MAexp7: +0.91%
Price / MAexp20: +2.60%
Price / MAexp50: +5.57%
Price / MAexp100: +9.48%

This member declared not having a position on this financial instrument or a related financial instrument.

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