StockChartsAI.com

Before accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.

Stock Charts AI Power Rank: 5.2
Power Rank trend -> Rising

Regal Beloit Corporation (RRX)

Industry: Specialty Industrial Machinery

Price Support Resistance

In the past 20 trading days, RRX has been trading in a range between $158.06 and $132.18 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

RRX is trading between resistance at $165.08 about 6% to the upside and support at $150.21 -3% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $182.37, about a 17% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Regal Beloit Corporation $RRX entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $192, a potential upside of 23.48% from the recent price of 155.49. The stock is trading 17.71% (potential upside) below its 52 week high of $183.02 and 61.1 % (potential downside) above its 52 week low of $96.52 - based on the recent price.

Company Summary

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets. The Power Efficiency Solutions segment offers AC and DC motors, electronic variable speed controls, and blowers for residential, commercial HVAC, water heaters, commercial refrigeration, commercial building ventilation, pool and spa, irrigation, agriculture, conveying, and general commercial equipment markets.

RRX Website

News