ROYAL GOLD INC (RGLD) Technical Analysis
NASDAQ:RGLD • US7802871084
Overall RGLD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RGLD is showing a nice and steady performance.
- In the last month RGLD has a been trading in the 264.14 - 304.70 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, RGLD did better than 92% of all other stocks. We also observe that the gains produced by RGLD over the past year are nicely spread over this period.
- RGLD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RGLD is performing more or less in line with the market.
- RGLD is part of the Metals & Mining industry. There are 157 other stocks in this industry, RGLD did better than 51% of them.
Besides having an excellent technical rating, RGLD also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 299.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 279.83, a Stop Loss order could be placed below this zone.
More info and screens
165.04
When analyzing the support we can see 6 important areas.
- A support zone ranging from 275.91 to 279.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @253.62 from a horizontal line in the daily time frame.
- Support @207.16 from a trend line in the weekly time frame.
- Support @191.22 from a trend line in the daily time frame.
- Support @171.47 from a trend line in the weekly time frame.
- Support @166.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 299.80 to 304.30. 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 RGLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RGLD is neutral. |
| ChartMill Relative Strength | 92.85 | POSITIVE | RGLD has a high relative strength, it outperformed 92.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RGLD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RGLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.81 | NEUTRAL | The RSI value for RGLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.13 | NEGATIVE | The MACD value suggests RGLD has a negative trend. |
| Stochastics (14,3) | 33.94 | NEUTRAL | The Stochastics value for RGLD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for RGLD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.7 | NEGATIVE | The low ADX value for RGLD suggests a weak or negative 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 |
|---|---|---|---|
| 287.44 | 275.90 | 11.54 (4.01%) | 24.91% |
| An entry @287.44. This is a Buy Stop order right above the 10 day moving average. | An exit @275.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.54 points, which is 4.01%. | When investing 24.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RGLD. Please evaluate whether better entry and exit points can be found.
- 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.
RGLD Technicals: Chart, Performance Metrics, Trend & Indicators
281.86
+2.02 (+0.72%)
ROYAL GOLD INC / RGLD FAQ
What is the ChartMill technical rating of ROYAL GOLD INC (RGLD) stock?
ChartMill assigns a technical rating of 10 / 10 to RGLD.
What is the current trend direction of ROYAL GOLD INC (RGLD) stock?
The current trend direction for ROYAL GOLD INC (RGLD) is Bullish.
Can you provide the RSI signal for ROYAL GOLD INC?
ROYAL GOLD INC (RGLD) has an RSI value of 51.8067. This indicates that the stock is currently neutral.
What is the MACD signal for RGLD stock?
The MACD indicator for ROYAL GOLD INC (RGLD) has a value of -2.12533, indicating a bearish trend.