ROYAL GOLD INC (RGLD)       126.82  +0.84 (+0.67%)

126.82  +0.84 (+0.67%)

US7802871084 - Common Stock - Premarket: 126.3 -0.52 (-0.41%)

Technical Rating

6

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.



Both the short term and long term trends are positive. This is a very positive sign.
RGLD is part of the Metals & Mining industry. There are 968 other stocks in this industry. RGLD outperforms 70% of them.
In the last month RGLD has a been trading in the 111.53 - 128.09 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that RGLD is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RGLD is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 6.76% 12.51% 35.17% -13.33% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 73.38 84.54 - 147.7
RGLD Weekly chart
RGLD Daily chart

Support/Resistance Analysis


110.86

132.75
We found 3 important support areas.
  • A support zone ranging from 120.44 to 124.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 116.05 to 116.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 111.98 to 113.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
  • Resistance @128.66 from a horizontal line in the weekly time frame.
  • Resistance @131.44 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

6

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.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
128.67120.438.24 (6.40%)15.62%
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%.

  • 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 Daily chart

ROYAL GOLD INC126.82

NASDAQ:RGLD (3/28/2023, 7:00:02 PM)+0.84 (+0.67%)

Premarket: 126.3 -0.52 (-0.41%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
Today0.67%
1 Week4.04%
2 Weeks5.79%
1 Month6.76%
3 Month12.51%
6 Month35.17%
Volatility
ATR(14)3.95
ATR(20)%2.94%
ATR Inc-16.47%
Range Today3.31
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.38
Mansfield1.36
10 Day High128.09
10 Day Low117.55
20 Day High128.09
20 Day Low111.53
52 Week High147.7
52 Week Low84.54
CS1 End124
CR1 Start128.66
Volume & EV
DER(3)-3.36%
DER(5)-1.03%
Volume548.80K
Volume Incr-23.44%
Vol(5)421.74K
Vol(50)482.34K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA