We assign a technical rating of 2 out of 10 to RGC. Although RGC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of RGC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.24 to 13.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.45 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 | NEUTRAL | NEUTRAL | The long term trend for RGC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGC is down. |
| ChartMill Relative Strength | 99.98 | POSITIVE | RGC has a high relative strength, it outperformed 99.98% 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) | DOWN | NEGATIVE | The current price of RGC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RGC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.99 | NEUTRAL | The RSI value for RGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests RGC has a negative trend. |
| Stochastics (14,3) | 17.63 | OVERSOLD | The low Stochastics value suggests RGC may be oversold. |
| Average True Range in percent/ATR (20) | 9.97 | HIGH VOLATILITY | The high ATR as a percentage value for RGC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for RGC suggests a strong trend. |
11.11
-0.17 (-1.51%)
REGENCELL BIOSCIENCE HOLDING / RGC FAQ
What is the technical rating for RGC stock?
ChartMill assigns a technical rating of 2 / 10 to RGC.
Can you provide the trend direction for REGENCELL BIOSCIENCE HOLDING?
The current trend direction for REGENCELL BIOSCIENCE HOLDING (RGC) is Bearish.
What is the RSI signal for RGC stock?
REGENCELL BIOSCIENCE HOLDING (RGC) has an RSI value of 30.99. This indicates that the stock is currently neutral.
What is the short term momentum for REGENCELL BIOSCIENCE HOLDING (RGC) stock?
The short term momentum for REGENCELL BIOSCIENCE HOLDING (RGC) is negative.