ROYAL GOLD INC (RGLD) Stock Technical Analysis
NASDAQ:RGLD - Nasdaq - US7802871084 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RGLD. RGLD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RGLD is a bad performer in the overall market: 67% of all stocks are doing better.
RGLD is one of the lesser performing stocks in the Metals & Mining industry. 75% of 157 stocks in the same industry do better.
In the last month RGLD has a been trading in the 150.75 - 180.63 range, which is quite wide. It is currently trading near the lows of this range.
RGLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RGLD is lagging the market.
Although the technical rating is bad, RGLD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 152.62, a Stop Loss order could be placed below this zone.
More info and screens
139.56
188.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 151.84 to 152.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @148.25 from a trend line in the weekly time frame.
- Support @140.97 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 154.27 to 155.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @158.09 from a horizontal line in the daily time frame.
- Resistance @176.57 from a trend line in the daily time frame.
- Resistance @186.45 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 | DOWN | NEGATIVE | The long term trend for RGLD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGLD is down. |
| ChartMill Relative Strength | 33.21 | NEUTRAL | RGLD is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of RGLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RGLD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.42 | OVERSOLD | The low RSI value suggests RGLD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests RGLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.77 | OVERSOLD | The low Stochastics value suggests RGLD may be oversold. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for RGLD suggests some volalility. |
| Average Directional Index/ADX (14) | 32.72 | POSITIVE | The high ADX value value for RGLD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
152.625
+0.69 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.46%
1 Week-3.46%
2 Weeks-3.29%
1 Month-14.18%
3 Month-13.53%
6 Month9.16%
12 Month13.37%
2 Year27.04%
3 Year45.68%
5 Year9.07%
10 Year202.71%
15 Year245.85%
Volatility
ATR(14)3.37
ATR(20)%3.01%
ATR Inc-21.63%
Range Today2.57
ADR(20)3.78
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.21
Mansfield-0.9
10 Day High159.86
10 Day Low150.75
20 Day High180.63
20 Day Low150.75
52 Week High191.78
52 Week Low125.69
CS1 End152.62
CR1 Start154.27
Volume & EV
DER(3)0.62%
DER(5)0.29%
Volume775.30K
Volume Incr-23.35%
Vol(5)707.30K
Vol(50)718.20K