ROYAL GOLD INC (RGLD) Stock Technical Analysis
NASDAQ:RGLD • US7802871084
We assign a technical rating of 10 out of 10 to RGLD. Both in the recent history as in the last year, RGLD has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that RGLD is one of the better performing stocks in the market, outperforming 95% of all 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 however is currently trading near a new high, so RGLD is lagging the market slightly.
- RGLD is an average performer in the Metals & Mining industry, it outperforms 55% of 157 stocks in the same industry.
- In the last month RGLD has a been trading in the 253.20 - 306.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RGLD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 256.83, a Stop Loss order could be placed below this zone.
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165.04
4 important support areas can be observed.
- A support zone ranging from 253.62 to 256.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @200.35 from a trend line in the weekly time frame.
- Support @187.27 from a trend line in the daily time frame.
- A support zone ranging from 166.71 to 169.12. 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 | UP | POSITIVE | The short term trend for RGLD is up. |
| ChartMill Relative Strength | 95.43 | POSITIVE | RGLD has a high relative strength, it outperformed 95.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGLD is above 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) | 59.89 | NEUTRAL | The RSI value for RGLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.27 | NEGATIVE | The MACD value suggests RGLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.08 | NEUTRAL | The Stochastics value for RGLD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for RGLD suggests some volalility. |
| Average Directional Index/ADX (14) | 29.11 | POSITIVE | The high ADX value value for RGLD suggests a strong 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 |
|---|---|---|---|
| 288.96 | 253.19 | 35.77 (12.38%) | 8.08% |
| An entry @288.96. This is a Buy Stop order right above the 10 day high. | An exit @253.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 35.77 points, which is 12.38%. | When investing 8.08% 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.
286.1
+13.34 (+4.89%)
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 59.8914. 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 -1.27046, indicating a bearish trend.
What is the buy/sell signal for ROYAL GOLD INC (RGLD) stock?
The buy/sell signal for ROYAL GOLD INC (RGLD) is buy as both the short term and long term trends are positive.