Question 1

What implications does the 10-day RSI indicator have for RRX?

Accepted Answer

The 10-day RSI Indicator for RRX moved out of overbought territory on August 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In 25 of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at 0%.

Question 2

What does the Stochastic Oscillator suggest about RRX's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 3

How did RRX's Momentum indicator behave recently?

Accepted Answer

RRX saw its Momentum Indicator move above the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned positive. In 64 of the 91 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 4

What does MACD indicator imply for RRX?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for RRX just turned positive on August 16, 2024. Looking at past instances where RRX's MACD turned positive, the stock continued to rise in 28 of 47 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for RRX?

Accepted Answer

Following a +1.88% 3-day Advance, the price is estimated to grow further. Considering data from situations where RRX advanced for three days, in 226 of 338 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for RRX's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RRX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 63%.

Question 7

How does the Aroon Indicator reflect on RRX's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 188 of 267 cases where RRX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

RRX Stock Regal Rexnord (RRX, $142.71) RSI Indicator left the oversold zone on June 05, 2024

Momentum Indicator for RRX turns positive, indicating new upward trend

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