RENN FUND INC (RCG) Technical Analysis
NYSEARCA:RCG • US7597201059
Current stock price
RCG Technical Rating and Analysis
Taking everything into account, RCG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RCG is showing a nice and steady performance.
- Warning: RCG has an average volume of 11800 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- RCG is one of the better performing stocks in the Capital Markets industry, it outperforms 90% of 240 stocks in the same industry.
- RCG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RCG is leading the market.
- RCG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- Looking at the yearly performance, RCG did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
RCG Weekly and Daily overview Charts
RCG Setup Rating and Analysis
RCG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
RCG Support and Resistance Analysis
2.48
5 important support areas can be observed.
- Support @3.04 from a trend line in the daily time frame.
- A support zone ranging from 2.88 to 2.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.66 to 2.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.56 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @2.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.31 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
RCG Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RCG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RCG is up. |
| ChartMill Relative Strength | 86.01 | POSITIVE | RCG has a high relative strength, it outperformed 86.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RCG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RCG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RCG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.6 | NEUTRAL | The RSI value for RCG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RCG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.36 | OVERBOUGHT | The high Stochastics value suggests RCG may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for RCG suggests some volalility. |
| Average Directional Index/ADX (14) | 37.13 | POSITIVE | The high ADX value value for RCG suggests a strong trend. |
RCG Chart- and CandleStick Pattern Analysis
RCG Technicals: Chart, Performance Metrics, Trend & Indicators
3.24
-0.04 (-1.19%)
RENN FUND INC / RCG TA FAQ
Can you provide the ChartMill technical rating for RENN FUND INC?
ChartMill assigns a technical rating of 9 / 10 to RCG.
Can you provide the trend direction for RENN FUND INC?
The current trend direction for RENN FUND INC (RCG) is Bullish.
What is the RSI signal for RENN FUND INC (RCG) stock?
RENN FUND INC (RCG) has an RSI value of 66.6037. This indicates that the stock is currently neutral.
What is the MACD signal for RCG stock?
The MACD indicator for RENN FUND INC (RCG) has a value of 0.00567216, indicating a bearish trend.
What is the buy/sell signal for RCG stock?
The buy/sell signal for RENN FUND INC (RCG) is buy as both the short term and long term trends are positive.