RPM INTERNATIONAL INC. - 1H - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 112.29 USD
My targets
106.04 USD (-4.15%)
104.75 USD (-5.32%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RPM INTERNATIONAL INC. as long as the price remains well below 112.29 USD. The sellers' bearish objective is set at 106.04 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 104.75 USD. In case of crossing, the next objective would be the support located at 98.63 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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Additional analysis
Quotes
The RPM INTERNATIONAL INC. rating is 110.64 USD. The price registered a decrease of -2.15% on the session and was traded between 110.54 USD and 112.19 USD over the period. The price is currently at +0.09% from its lowest and -1.38% from its highest.110.54
112.19
110.64
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RPM INTERNATIONAL INC.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RPM INTERNATIONAL INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 88.68 | 98.63 | 104.75 | 110.64 | 110.74 | 112.29 | 114.08 |
| Change (%) | -19.85% | -10.86% | -5.32% | - | +0.09% | +1.49% | +3.11% |
| Change | -21.96 | -12.01 | -5.89 | - | +0.10 | +1.65 | +3.44 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.41 | 109.47 | 110.06 | 111.12 | 111.71 | 112.77 | 113.36 |
| Camarilla | 110.19 | 110.34 | 110.49 | 110.64 | 110.79 | 110.94 | 111.09 |
| Woodie | 108.17 | 109.35 | 109.82 | 111.00 | 111.47 | 112.65 | 113.12 |
| Fibonacci | 109.47 | 110.10 | 110.49 | 111.12 | 111.75 | 112.14 | 112.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.32 | 106.04 | 109.48 | 114.20 | 117.64 | 122.36 | 125.80 |
| Camarilla | 110.67 | 111.41 | 112.16 | 112.91 | 113.66 | 114.41 | 115.15 |
| Woodie | 100.67 | 105.72 | 108.83 | 113.88 | 116.99 | 122.04 | 125.15 |
| Fibonacci | 106.04 | 109.16 | 111.09 | 114.20 | 117.32 | 119.25 | 122.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.56 | 111.36 | 115.15 | 117.95 | 121.74 | 124.54 | 128.33 |
| Camarilla | 117.14 | 117.74 | 118.35 | 118.95 | 119.55 | 120.16 | 120.76 |
| Woodie | 109.07 | 111.61 | 115.66 | 118.20 | 122.25 | 124.79 | 128.84 |
| Fibonacci | 111.36 | 113.87 | 115.43 | 117.95 | 120.46 | 122.02 | 124.54 |
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): | 33.57 | |
| MACD (12,26,9): | -0.8500 | |
| Directional Movement: | -16.32 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 111.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.61 | |
| Elder Ray (13): | -0.92 | |
| Super Trend (3,10): | 113.16 | |
| Zig ZAG (10): | 110.69 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 7.18 | |
| TEMA (21): | 110.99 | |
| Williams %R (14): | -95.62 | |
| Chande Momentum Oscillator (20): | -1.17 | |
| Repulse (5,40,3): | -0.6200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 3.18 |
| MA7: | 113.83 | |
| MA20: | 116.34 | |
| MA50: | 113.28 | |
| MA100: | 109.93 | |
| MAexp7: | 111.27 | |
| MAexp20: | 112.16 | |
| MAexp50: | 113.76 | |
| MAexp100: | 115.02 | |
| Price / MA7: | -2.80% | |
| Price / MA20: | -4.90% | |
| Price / MA50: | -2.33% | |
| Price / MA100: | +0.65% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -1.31% | |
| Price / MAexp50: | -2.70% | |
| Price / MAexp100: | -3.76% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on RPM INTERNATIONAL INC. at the time of the generation of this analysis was as follows:
- Thinking about buying stock in RPM International, Xilio Therapeutics, KULR Technology, Torrid Holdings, or IGM Biosciences?
- Response Plus Medical announces strategic acquisition of UK-based Prometheus as part of global expansion plans
- RPM Reports Record Fiscal 2023 Fourth-Quarter and Full-Year Results
- RPM Declares Quarterly Dividend
- RPM to Announce Fiscal 2023 Fourth-Quarter and Year-End Results on July 26, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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