REINSURANCE GROUP OF AMERICA (RGA) Stock Technical Analysis
USA - NYSE:RGA - US7593516047 - Common Stock
We assign a technical rating of 3 out of 10 to RGA. Recently some decent action could be observed, but in the medium term time frame this is still negative. RGA was also a bad performer in the overall market in the last year.
Although the technical rating is bad, RGA does present a nice setup opportunity. Prices have been consolidating lately. 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 199.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 196.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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 191.17 to 196.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @182.52 from a trend line in the daily time frame.
- Support @172.39 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @199.23 from a horizontal line in the daily time frame.
- A resistance zone ranging from 209.13 to 209.72. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for RGA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RGA is neutral. |
| ChartMill Relative Strength | 27.68 | NEGATIVE | RGA has a low relative strength, it was outperformed by 72.32% off all stocks 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) | DOWN | NEGATIVE | The current price of RGA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.19 | NEUTRAL | The RSI value for RGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests RGA has a positive trend. |
| Stochastics (14,3) | 57.35 | NEUTRAL | The Stochastics value for RGA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for RGA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for RGA suggests a weak or negative trend. |
197
+2.5 (+1.29%)