RGC RESOURCES INC (RGCO)
US74955L1035 - Common Stock
Taking everything into account, RGCO scores 7 out of 10 in our technical rating. RGCO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: RGCO has an average volume of 14180 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
RGCO is part of the Gas Utilities industry. There are 14 other stocks in this industry. RGCO outperforms 76% of them.
RGCO 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 RGCO is lagging the market slightly.
In the last month RGCO has a been trading in the 18.83 - 21.59 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, RGCO turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
RGCO has an excellent technical rating and also presents a decent setup pattern. 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 21.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.72, 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
17.90
21.91
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.28 to 20.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.84 from a trend line in the weekly time frame.
- Support @19.45 from a trend line in the daily time frame.
- A support zone ranging from 18.62 to 18.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.08 to 18.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.45 to 21.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.75
Mansfield-0.49
10 Day High21.6
10 Day Low20.2
20 Day High21.6
20 Day Low18.83
52 Week High22.53
52 Week Low15.36
Performance
1 Week-1.19%
2 Weeks-2.17%
1 Month9.79%
3 Month7.79%
6 Month22.78%
12 Month13.57%
2 Year1.92%
3 Year-9.31%
5 Year-23.8%
10 Year59.78%
15 Year24.5%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)53.01
LBB20.35
UBB21.49
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 |
|---|---|---|---|
| 20.92 | 20.27 | 0.65 (3.12%) | 25.00% |
| An entry @20.92. This is a Buy Stop order right above the 10 day moving average. | An exit @20.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.65 points, which is 3.12%. | For a 0.78% 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 RGCO. 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.
RGC RESOURCES INC
NASDAQ:RGCO (5/16/2024, 7:14:20 PM)
After market: 20.75 0 (0%)20.75
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0%
1 Week-1.19%
2 Weeks-2.17%
1 Month9.79%
3 Month7.79%
6 Month22.78%
12 Month13.57%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.56
ATR(20)%2.56%
ATR Inc
Range Today0.58
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High21.6
10 Day Low20.2
20 Day High21.6
20 Day Low18.83
52 Week High22.53
52 Week Low15.36
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume9.20K
Volume Incr1.74%
Vol(5)10.24K
Vol(50)14.18K