RGC RESOURCES INC (RGCO) Stock Technical Analysis
NASDAQ:RGCO - Nasdaq - US74955L1035 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to RGCO. 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.
In the last month RGCO has a been trading in the 20.27 - 22.33 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: RGCO has an average volume of 12548 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, RGCO outperforms 59% of them, which is more or less in line with the market.
RGCO is an average performer in the Gas Utilities industry, it outperforms 46% of 14 stocks in the same industry.
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.
RGCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
19.04
22.90
4 important support areas can be observed.
- Support @20.86 from a trend line in the weekly time frame.
- A support zone ranging from 20.19 to 20.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.82 from a horizontal line in the daily time frame.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.16 to 21.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.09 to 22.67. 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 | DOWN | NEGATIVE | The short term trend for RGCO is down. |
| ChartMill Relative Strength | 59.23 | NEUTRAL | RGCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGCO is below 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) | 47.75 | NEUTRAL | The RSI value for RGCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RGCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.79 | NEUTRAL | The Stochastics value for RGCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for RGCO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.3 | 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)
20.95
+0.42 (+2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg2.05%
1 Week-0.24%
2 Weeks-0.05%
1 Month-0.1%
3 Month3.3%
6 Month0.72%
12 Month1.21%
2 Year1.21%
3 Year2.9%
5 Year-20.64%
10 Year51.96%
15 Year0.56%
Volatility
ATR(14)0.73
ATR(20)%3.68%
ATR Inc-16.35%
Range Today0.35
ADR(20)0.74
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.23
Mansfield-0.31
10 Day High22.33
10 Day Low20.27
20 Day High22.33
20 Day Low20.27
52 Week High24.2
52 Week Low19.05
CS1 End20.86
CR1 Start21.16
Volume & EV
DER(3)2.25%
DER(5)1.95%
Volume3.40K
Volume Incr-10.65%
Vol(5)8.56K
Vol(50)12.55K