Overall RGCO gets a technical rating of 6 out of 10. Although RGCO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, RGCO does present a nice setup opportunity. 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 22.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.20, 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.
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19.04
4 important support areas can be observed.
- A support zone ranging from 21.61 to 22.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.96 to 21.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.68 to 20.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.23 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 22.67 to 22.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for RGCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGCO is up. |
| ChartMill Relative Strength | 58.61 | 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) | DOWN | MIXED | The current price of RGCO is above a declining 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) | 53.43 | NEUTRAL | The RSI value for RGCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RGCO has a negative trend. |
| Stochastics (14,3) | 58.49 | NEUTRAL | The Stochastics value for RGCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for RGCO suggests some volalility. |
| Average Directional Index/ADX (14) | 32.55 | POSITIVE | The high ADX value value for RGCO suggests a strong trend. |
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 |
|---|---|---|---|
| 22.76 | 21.85 | 0.91 (4.00%) | 25.00% |
| An entry @22.76. This is a Buy Stop order right above the resistance zone. | An exit @21.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.91 points, which is 4.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.41
+0.35 (+1.59%)
RGC RESOURCES INC / RGCO FAQ
What is the technical rating for RGCO stock?
ChartMill assigns a technical rating of 6 / 10 to RGCO.
Can you provide the trend direction for RGC RESOURCES INC?
The current trend direction for RGC RESOURCES INC (RGCO) is Bullish.
Can you provide the RSI signal for RGC RESOURCES INC?
RGC RESOURCES INC (RGCO) has an RSI value of 53.4312. This indicates that the stock is currently neutral.
What is the MACD signal for RGCO stock?
The MACD indicator for RGC RESOURCES INC (RGCO) has a value of -0.0122313, indicating a bearish trend.
What is the support and resistance level for RGCO stock?
RGC RESOURCES INC (RGCO) has a support level at 22.2 and a resistance level at 22.67. Check the full technical report for our detailed analysis of RGCO support and resistance levels.