REUNION GOLD CORP (RGD.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:RGD • CA76131P1062
Overall RGD gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RGD has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, RGD did better than 93% of all other stocks.
- RGD is part of the Metals & Mining industry. There are 814 other stocks in this industry. RGD outperforms 82% of them.
- RGD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RGD has a been trading in the 0.63 - 0.76 range, which is quite wide. It is currently trading near the high of this range.
- RGD has an average volume of 1048710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, RGD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
When analyzing the support we can see 5 important areas.
- 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 worst case loss on the trade is limited to 0.10 points, which is 12.99%. | For a 1.00% total portfolio risk, you can invest 7.70% of your capital in this trade. |
- 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.
Can you provide the trend direction for REUNION GOLD CORP?
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.
Can you provide the buy/sell signal for REUNION GOLD CORP?
The buy/sell signal for REUNION GOLD CORP (RGD.CA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for REUNION GOLD CORP?
REUNION GOLD CORP (RGD.CA) has a support level at 0.7. Check the full technical report for our detailed analysis of RGD.CA support and resistance levels.