RESOURCES CONNECTION INC (RGP) Stock Technical Analysis
NASDAQ:RGP - US76122Q1058 - Common Stock
5.05 USD
+0.2 (+4.12%)
5.05 USD
0 (0%)
Overall RGP gets a technical rating of 1 out of 10. RGP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
93% of all other stocks performed better in the past year than RGP.
RGP is part of the Professional Services industry. There are 81 other stocks in this industry, of which 73% are performing better than RGP.
RGP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RGP has a been trading in the 4.44 - 5.17 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RGP 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.
More info and screens
5.00
5.47
We can see 3 important resistance areas.
- A resistance zone ranging from 5.06 to 5.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.16 to 5.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.42 from a trend 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 RGP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RGP is neutral. |
| ChartMill Relative Strength | 7.54 | NEGATIVE | RGP has a low relative strength, it was outperformed by 92.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RGP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.91 | NEUTRAL | The RSI value for RGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RGP has a positive trend. |
| Stochastics (14,3) | 79.72 | NEUTRAL | The Stochastics value for RGP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for RGP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.6 | NEGATIVE | The low ADX value for RGP suggests a weak or negative 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)
5.05
+0.2 (+4.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg4.12%
1 Week8.84%
2 Weeks2.43%
1 Month1.41%
3 Month-3.16%
6 Month-30.63%
12 Month-51.58%
2 Year-67.44%
3 Year-74.16%
5 Year-58.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%4.22%
ATR Inc-15.72%
Range Today0.24
ADR(20)0.2
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.54
Mansfield-3.47
10 Day High5.08
10 Day Low4.51
20 Day High5.17
20 Day Low4.44
52 Week High10.42
52 Week Low4.44
CS1 EndN/A
CR1 Start5.06
Volume & EV
DER(3)4.06%
DER(5)4.22%
Volume298.40K
Volume Incr-26.69%
Vol(5)224.68K
Vol(50)269.15K