Taking everything into account, RGCO scores 6 out of 10 in our technical rating. In the last year, RGCO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
RGCO has an average technical rating and also the quality of the setup is only medium 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.
19.48
4 important support areas can be observed.
2 important resistance areas can be observed.
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 RGCO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGCO is up. |
| ChartMill Relative Strength | 63.36 | NEUTRAL | RGCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RGCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.75 | NEUTRAL | The RSI value for RGCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests RGCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.68 | OVERBOUGHT | The high Stochastics value suggests RGCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for RGCO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for RGCO suggests a possible start of a new trend. |
22.49
-0.14 (-0.62%)
ChartMill assigns a technical rating of 6 / 10 to RGCO.
The current trend direction for RGC RESOURCES INC (RGCO) is Bearish.
RGC RESOURCES INC (RGCO) has an RSI value of 58.7477. This indicates that the stock is currently neutral.
The MACD indicator for RGC RESOURCES INC (RGCO) has a value of 0.187616, indicating a bearish trend.