RGC RESOURCES INC (RGCO) Stock Technical Analysis
NASDAQ:RGCO - Nasdaq - US74955L1035 - Common Stock - Currency: USD
Overall RGCO gets a technical rating of 4 out of 10. RGCO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
RGCO is part of the Gas Utilities industry. There are 14 other stocks in this industry, of which 61% are performing better than RGCO.
Warning: RGCO has an average volume of 17820 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, RGCO outperforms 45% of them, which is more or less in line with the market.
RGCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RGCO is lagging the market.
In the last month RGCO has a been trading in the 19.68 - 23.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RGCO has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
19.04
23.72
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.73 to 21.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.22 to 20.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 19.68 to 19.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.23 to 19.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 21.32 to 21.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.67 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 23.28 to 23.49. 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 RGCO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RGCO is neutral. |
| ChartMill Relative Strength | 45.26 | NEUTRAL | RGCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RGCO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RGCO is below 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) | 51.09 | NEUTRAL | The RSI value for RGCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RGCO has a positive trend. |
| Stochastics (14,3) | 73.39 | NEUTRAL | The Stochastics value for RGCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for RGCO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.82 | NEGATIVE | The low ADX value for RGCO suggests a weak or negative trend. |
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)
21.28
+0.36 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg1.72%
1 Week8.13%
2 Weeks3.2%
1 Month-5.38%
3 Month-2.34%
6 Month1.33%
12 Month7.31%
2 Year17.7%
3 Year-0.42%
5 Year-8.75%
10 Year53.91%
15 Year2.97%
Volatility
ATR(14)0.61
ATR(20)%3.5%
ATR Inc-11.68%
Range Today0.34
ADR(20)0.71
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.26
Mansfield-0.7
10 Day High21.73
10 Day Low19.68
20 Day High23.22
20 Day Low19.68
52 Week High24.2
52 Week Low19.06
CS1 End21.09
CR1 Start21.32
Volume & EV
DER(3)-0.99%
DER(5)0.84%
Volume11.00K
Volume Incr-9.93%
Vol(5)17.42K
Vol(50)17.82K