REGENCELL BIOSCIENCE HOLDING (RGC) Stock Technical Analysis
NASDAQ:RGC • KYG7487R1002
We assign a technical rating of 6 out of 10 to RGC. In the last year, RGC was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month RGC has a been trading in the 24.31 - 35.70 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- RGC is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 100% of 192 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that RGC is one of the better performing stocks in the market, outperforming 100% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- RGC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RGC is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, RGC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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2 important support areas can be observed.
- A support zone ranging from 25.79 to 25.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.15 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @30.78 from a trend line in the daily time frame.
- Resistance @46.96 from a trend line in the daily 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 RGC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGC is down. |
| ChartMill Relative Strength | 100 | POSITIVE | RGC has a high relative strength, it outperformed 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RGC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.41 | NEUTRAL | The RSI value for RGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests RGC has a negative trend. |
| Stochastics (14,3) | 16.54 | OVERSOLD | The low Stochastics value suggests RGC may be oversold. |
| Average True Range in percent/ATR (20) | 12.86 | HIGH VOLATILITY | The high ATR as a percentage value for RGC suggests high volalility. |
| Average Directional Index/ADX (14) | 29.26 | POSITIVE | The high ADX value value for RGC suggests a strong trend. |
26.51
+0.64 (+2.47%)
REGENCELL BIOSCIENCE HOLDING / RGC FAQ
What is the technical rating for RGC stock?
ChartMill assigns a technical rating of 6 / 10 to RGC.
What is the trend direction for RGC stock?
The current trend direction for REGENCELL BIOSCIENCE HOLDING (RGC) is Bullish.
What is the RSI signal for RGC stock?
REGENCELL BIOSCIENCE HOLDING (RGC) has an RSI value of 46.407. This indicates that the stock is currently neutral.
Can you provide the MACD signal for REGENCELL BIOSCIENCE HOLDING?
The MACD indicator for REGENCELL BIOSCIENCE HOLDING (RGC) has a value of -0.418394, indicating a bearish trend.
Can you provide the support and resistance levels for REGENCELL BIOSCIENCE HOLDING?
REGENCELL BIOSCIENCE HOLDING (RGC) has a support level at 25.87 and a resistance level at 30.78. Check the full technical report for our detailed analysis of RGC support and resistance levels.