ROYAL GOLD INC (RGLD) Stock Technical Analysis
USA - NASDAQ:RGLD - US7802871084 - Common Stock
Taking everything into account, RGLD scores 2 out of 10 in our technical rating. RGLD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
RGLD 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.
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149.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 158.62 to 160.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 151.41 to 155.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @205.23 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for RGLD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGLD is down. |
| ChartMill Relative Strength | 76.45 | POSITIVE | RGLD has a high relative strength, it outperformed 76.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RGLD is below 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) | 35.36 | NEUTRAL | The RSI value for RGLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.46 | NEGATIVE | The MACD value suggests RGLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.92 | OVERSOLD | The low Stochastics value suggests RGLD may be oversold. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for RGLD suggests some volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for RGLD suggests a strong trend. |
174.79
-3.03 (-1.7%)
ROYAL GOLD INC / RGLD FAQ
What is the ChartMill technical rating of ROYAL GOLD INC (RGLD) stock?
ChartMill assigns a technical rating of 2 / 10 to RGLD.
What is the trend direction for RGLD stock?
The current trend direction for ROYAL GOLD INC (RGLD) is Bearish.
Can you provide the RSI signal for ROYAL GOLD INC?
ROYAL GOLD INC (RGLD) has an RSI value of 35.3638. This indicates that the stock is currently neutral.
What is the short term momentum for ROYAL GOLD INC (RGLD) stock?
The short term momentum for ROYAL GOLD INC (RGLD) is negative.