REUNION GOLD CORP (RGD.CA) Stock Technical Analysis
Canada - TSX-V:RGD - CA76131P1062 - Common Stock
We assign a technical rating of 10 out of 10 to RGD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RGD is showing a nice and steady performance.
RGD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.70, a Stop Loss order could be placed below this zone.
More info and screens
0.40
5 important support areas can be observed.
- A support zone ranging from 0.68 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.61 from a horizontal line in the daily time frame.
- Support @0.46 from a trend line in the daily time frame.
- A support zone ranging from 0.40 to 0.40. 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 RGD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGD.CA is up. |
| ChartMill Relative Strength | 93.54 | POSITIVE | RGD.CA has a high relative strength, it outperformed 93.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RGD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.36 | NEUTRAL | The RSI value for RGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RGD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.76 | NEUTRAL | The Stochastics value for RGD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for RGD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.25 | NEUTRAL | The ADX value for RGD.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 0.77 | 0.67 | 0.10 (12.99%) | 7.70% |
| An entry @0.77. This is a Buy Stop order right above the 10 day high. | An exit @0.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.10 points, which is 12.99%. | When investing 7.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX-V:RGD (7/16/2024, 7:00:00 PM)
0.73
0 (0%)
REUNION GOLD CORP / RGD.CA FAQ
What is the ChartMill technical rating of REUNION GOLD CORP (RGD.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to RGD.CA.
What is the current trend direction of REUNION GOLD CORP (RGD.CA) stock?
The current trend direction for REUNION GOLD CORP (RGD.CA) is Bullish.
What is the RSI signal for REUNION GOLD CORP (RGD.CA) stock?
REUNION GOLD CORP (RGD.CA) has an RSI value of 63.3609. This indicates that the stock is currently neutral.
What is the MACD signal for RGD stock?
The MACD indicator for REUNION GOLD CORP (RGD.CA) has a value of 0.00241196, indicating a bearish trend.
What is the short term momentum for REUNION GOLD CORP (RGD.CA) stock?
The short term momentum for REUNION GOLD CORP (RGD.CA) is positive.