RGC RESOURCES INC (RGCO) Technical Analysis
NASDAQ:RGCO • US74955L1035
Current stock price
RGCO Technical Rating and Analysis
Taking everything into account, RGCO scores 3 out of 10 in our technical rating. 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 15 other stocks in this industry, of which 71% are performing better than RGCO.
- Warning: RGCO has an average volume of 11131 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 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 48% of all stocks.
- RGCO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RGCO is lagging the market slightly.
- In the last month RGCO has a been trading in the 21.01 - 22.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
RGCO Weekly and Daily overview Charts
RGCO Setup Rating and Analysis
RGCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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 21.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RGCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
RGCO Support and Resistance Analysis
19.48
3 important support areas can be observed.
- A support zone ranging from 20.62 to 21.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.25 from a horizontal line in the weekly time frame.
- Support @19.68 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 22.67 to 22.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.28 to 23.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
RGCO Technical Indicator Signal Analysis
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 | 48.89 | 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) | 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) | 54.22 | NEUTRAL | The RSI value for RGCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RGCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.49 | NEUTRAL | The Stochastics value for RGCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for RGCO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.94 | NEGATIVE | The low ADX value for RGCO suggests a weak or negative trend. |
RGCO Chart- and CandleStick Pattern Analysis
RGCO Technicals: Chart, Performance Metrics, Trend & Indicators
22
+0.82 (+3.87%)
RGC RESOURCES INC / RGCO TA FAQ
What is the technical rating for RGCO stock?
ChartMill assigns a technical rating of 3 / 10 to RGCO.
What is the trend direction for RGCO stock?
The current trend direction for RGC RESOURCES INC (RGCO) is Bearish.
Can you provide the RSI signal for RGC RESOURCES INC?
RGC RESOURCES INC (RGCO) has an RSI value of 54.2186. 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 -0.0256879, indicating a bearish trend.