US7802871084 - Common Stock - Premarket: 126.3 -0.52 (-0.41%)
Taking everything into account, RGLD scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RGLD is only an average performer.
RGLD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 124.0, a Stop Loss order could be placed below this zone.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @128.67. This is a Buy Stop order right above the resistance zone.||An exit @120.43. This is a Stop Loss order right below the support zone.||The trade has a worst case loss of 8.24 points, which is 6.40%.||When investing 15.62% of your capital in this trade, your total portfolio risk will be 1.00%.|
NASDAQ:RGLD (3/28/2023, 7:00:02 PM)+0.84 (+0.67%)
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