REACT GAMING GROUP INC (RGG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:RGG - CA75526E1060 - Common Stock
Taking everything into account, RGG scores 0 out of 10 in our technical rating. RGG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RGG is a bad performer in the overall market: 98% of all stocks are doing better.
- RGG is part of the IT Services industry. There are 11 other stocks in this industry, of which 100% are performing better than RGG.
- RGG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month RGG has a been trading in the 0.03 - 0.06 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
RGG has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.03
When analyzing the support we notice one important area.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for RGG.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGG.CA is down. |
| ChartMill Relative Strength | 2.76 | NEGATIVE | RGG.CA has a low relative strength, it was outperformed by 97.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RGG.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RGG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.7 | NEUTRAL | The RSI value for RGG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RGG.CA has a positive trend. |
| Stochastics (14,3) | 27.78 | NEUTRAL | The Stochastics value for RGG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 15.71 | HIGH VOLATILITY | The high ATR as a percentage value for RGG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.42 | NEGATIVE | The low ADX value for RGG.CA suggests a weak or negative trend. |
TSX-V:RGG (6/1/2023, 7:00:00 PM)
0.035
0 (0%)
REACT GAMING GROUP INC / RGG.CA FAQ
What is the technical rating for RGG stock?
ChartMill assigns a technical rating of 0 / 10 to RGG.CA.
What is the trend direction for RGG stock?
The current trend direction for REACT GAMING GROUP INC (RGG.CA) is Bearish.
What is the RSI signal for REACT GAMING GROUP INC (RGG.CA) stock?
REACT GAMING GROUP INC (RGG.CA) has an RSI value of 38.7. This indicates that the stock is currently neutral.
Can you provide the short term momentum for REACT GAMING GROUP INC?
The short term momentum for REACT GAMING GROUP INC (RGG.CA) is negative.
Can you provide the buy/sell signal for REACT GAMING GROUP INC?
The buy/sell signal for REACT GAMING GROUP INC (RGG.CA) is sell as both the short term and long term trends are negative.