REINSURANCE GROUP OF AMERICA (RGA) Stock Technical Analysis
NYSE:RGA • US7593516047
We assign a technical rating of 8 out of 10 to RGA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RGA is only an average performer.
- The long and short term trends are both positive. This is looking good!
- RGA is part of the Insurance industry. There are 150 other stocks in this industry. RGA outperforms 86% of them.
- RGA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RGA is lagging the market slightly.
- RGA 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.
- When comparing the performance of all stocks over the past year, RGA turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
Besides having an excellent technical rating, RGA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 225.37. Right above this resistance zone may be a good entry point.
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170.68
6 important support areas can be observed.
- Support @219.48 from a trend line in the daily time frame.
- A support zone ranging from 201.51 to 201.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 194.32 to 194.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 185.98 to 186.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.10 from a horizontal line in the daily time frame.
- Support @172.40 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 225.37 to 225.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @231.95 from a horizontal line in the weekly time frame.
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 | 68.11 | NEUTRAL | RGA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGA is above 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) | UP | POSITIVE | The current price of RGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.97 | NEUTRAL | The RSI value for RGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests RGA has a negative trend. |
| Stochastics (14,3) | 55.85 | NEUTRAL | The Stochastics value for RGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for RGA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.67 | POSITIVE | The high ADX value value for RGA suggests a strong 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 |
|---|---|---|---|
| 225.38 | 219.47 | 5.91 (2.62%) | 25.00% |
| An entry @225.38. This is a Buy Stop order right above the resistance zone. | An exit @219.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.91 points, which is 2.62%. | 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.
220.42
+0.36 (+0.16%)
REINSURANCE GROUP OF AMERICA / RGA FAQ
Can you provide the ChartMill technical rating for REINSURANCE GROUP OF AMERICA?
ChartMill assigns a technical rating of 8 / 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 59.9675. 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 219.48 and a resistance level at 225.37. Check the full technical report for our detailed analysis of RGA support and resistance levels.