Restaurant Brands Asia Limited (RBA) Stock - Complete Technical Analysis - Dec 04, 2024

Restaurant Brands Asia Stock Analysis Key Support & Resistance Levels Explained

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

RBA is displaying a spinning top pattern today, highlighting market indecision. Trading at 87.96, it is significantly below the 200-day SMA of 103.59, which underscores a bearish medium-term trend. The RSI hovers near 48, pointing to neutral momentum, while the ADX suggests a moderately strong trend. The MACD is negative, but the Stochastic RSI signals a potential short-term reversal due to overbought conditions.

The stock is trading below all major EMAs, with the 20-day EMA at 87.19 and 100-day EMA at 98.69, reinforcing a bearish bias. However, a small Bull Bear Power of 3.24 hints at brewing bullish attempts, especially with the Hull Moving Average at 88.35 offering short-term resistance. A breach of the 88.31 Camarilla Pivot R1 could signal a reversal attempt. Classic support is strong near 78.51, and a fall below this level might expose the stock to further downside toward the Fibonacci S1 at 79.95.

The ATR indicates moderate volatility, while Williams Percent Range suggests the stock is approaching overbought levels. The Awesome Oscillator confirms bearish sentiment, but any bullish divergence could be an early indicator of reversal. Keep an eye on 86 as critical support. A bounce above 94.36 (R1) could trigger a potential trend change, making it a crucial resistance level to monitor.