REINSURANCE GROUP OF AMERICA (RGA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RGA - US7593516047 - Common Stock
We assign a technical rating of 7 out of 10 to RGA. Although RGA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, RGA 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. There is a support zone below the current price at 197.41, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
170.67
We found 3 important support areas.
- A support zone ranging from 193.32 to 197.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 184.00 to 186.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 172.39 to 172.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 203.39 to 209.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 RGA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGA is up. |
| ChartMill Relative Strength | 30.61 | NEUTRAL | RGA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RGA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RGA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.26 | NEUTRAL | The RSI value for RGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests RGA has a negative trend. |
| Stochastics (14,3) | 32.7 | NEUTRAL | The Stochastics value for RGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for RGA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.44 | NEGATIVE | The low ADX value for RGA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 203.40 | 198.03 | 5.37 (2.64%) | 25.00% |
| An entry @203.40. This is a Buy Stop order right above the 10 day moving average. | An exit @198.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.37 points, which is 2.64%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RGA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
201.47
-0.97 (-0.48%)
REINSURANCE GROUP OF AMERICA / RGA FAQ
Can you provide the ChartMill technical rating for REINSURANCE GROUP OF AMERICA?
ChartMill assigns a technical rating of 7 / 10 to RGA.
Can you provide the trend direction for REINSURANCE GROUP OF AMERICA?
The current trend direction for REINSURANCE GROUP OF AMERICA (RGA) is Bullish.
What is the RSI signal for REINSURANCE GROUP OF AMERICA (RGA) stock?
REINSURANCE GROUP OF AMERICA (RGA) has an RSI value of 52.263. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for REINSURANCE GROUP OF AMERICA?
The buy/sell signal for REINSURANCE GROUP OF AMERICA (RGA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for REINSURANCE GROUP OF AMERICA?
REINSURANCE GROUP OF AMERICA (RGA) has a support level at 197.41 and a resistance level at 203.39. Check the full technical report for our detailed analysis of RGA support and resistance levels.