RPM INTERNATIONAL INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	RPM
ISIN:

RPM INTERNATIONAL INC. - Daily - Technical analysis published on 11/22/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

11%

39%

50%

My opinion

Bullish above 68.05 USD

My targets

74.94 USD (+4.20%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 68.05 USD remains possible. It is advisable to trade RPM INTERNATIONAL INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 68.05 USD. The next bullish objective for buyers is set at 74.94 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 68.05 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

FORCE

2.3

Comment on the analysis

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:

Additional analysis

Quotes

The RPM INTERNATIONAL INC. rating is 71.92 USD. The price registered a decrease of -1.44% on the session with the lowest point at 71.90 USD and the highest point at 73.22 USD. The deviation from the price is +0.03% for the low point and -1.78% for the high point.

71.90

73.22

71.92

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by RPM INTERNATIONAL INC.:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical

Technical analysis of this Daily chart of RPM INTERNATIONAL INC. indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	61.72	66.35	68.05	71.92	74.94
Change (%)	-14.18%	-7.74%	-5.38%	-	+4.20%
Change	-10.20	-5.57	-3.87	-	+3.02
Level	Minor	Minor	Major	-	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.88	71.86	72.42	73.40	73.96	74.94	75.50
Camarilla	72.55	72.69	72.83	72.97	73.11	73.25	73.39
Woodie	70.66	71.76	72.20	73.30	73.74	74.84	75.28
Fibonacci	71.86	72.45	72.82	73.40	73.99	74.36	74.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.48	72.39	73.67	74.58	75.86	76.77	78.05
Camarilla	74.34	74.54	74.74	74.94	75.14	75.34	75.54
Woodie	71.66	72.48	73.85	74.67	76.04	76.86	78.23
Fibonacci	72.39	73.23	73.75	74.58	75.42	75.94	76.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.67	60.17	66.30	69.79	75.92	79.42	85.55
Camarilla	69.78	70.67	71.55	72.43	73.31	74.20	75.08
Woodie	57.99	60.83	67.62	70.45	77.24	80.08	86.87
Fibonacci	60.17	63.85	66.12	69.79	73.47	75.74	79.42

Numerical data

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

Technical indicators

Moving averages

RSI (14):	46.90
MACD (12,26,9):	0.9200
Directional Movement:	0.25
AROON (14):	-64.29
DEMA (21):	74.42
Parabolic SAR (0,02-0,02-0,2):	75.42
Elder Ray (13):	-0.86
Super Trend (3,10):	71.67
Zig ZAG (10):	71.92
VORTEX (21):	1.0700
Stochastique (14,3,5):	21.20
TEMA (21):	74.20
Williams %R (14):	-99.50
Chande Momentum Oscillator (20):	-1.71
Repulse (5,40,3):	-3.7500
ROCnROLL:	-1
TRIX (15,9):	0.2800
Courbe Coppock:	2.77

MA7:	73.69
MA20:	73.53
MA50:	70.26
MA100:	67.92
MAexp7:	73.38
MAexp20:	72.99
MAexp50:	70.85
MAexp100:	68.14
Price / MA7:	-2.40%
Price / MA20:	-2.19%
Price / MA50:	+2.36%
Price / MA100:	+5.89%
Price / MAexp7:	-1.99%
Price / MAexp20:	-1.47%
Price / MAexp50:	+1.51%
Price / MAexp100:	+5.55%

News

The latest news and videos published on RPM INTERNATIONAL 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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