We assign a technical rating of 2 out of 10 to RGP. In the past year, RGP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
RGP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 4.79, a Stop Loss order could be placed below this zone.
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4.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.64 to 4.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.25 to 4.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @4.84 from a horizontal line in the weekly time frame.
- Resistance @4.94 from a trend line in the daily time frame.
- Resistance @5.47 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 RGP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGP is up. |
| ChartMill Relative Strength | 13.39 | NEGATIVE | RGP has a low relative strength, it was outperformed by 86.61% 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 | MIXED | The current price of RGP is above 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) | 55.35 | NEUTRAL | The RSI value for RGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RGP has a positive trend. |
| Stochastics (14,3) | 78.14 | NEUTRAL | The Stochastics value for RGP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for RGP suggests high volalility. |
| Average Directional Index/ADX (14) | 19.14 | NEGATIVE | The low ADX value for RGP suggests a weak or negative trend. |
4.835
+0.03 (+0.52%)
RESOURCES CONNECTION INC / RGP FAQ
What is the technical rating for RGP stock?
ChartMill assigns a technical rating of 2 / 10 to RGP.
Can you provide the trend direction for RESOURCES CONNECTION INC?
The current trend direction for RESOURCES CONNECTION INC (RGP) is Bearish.
What is the RSI signal for RGP stock?
RESOURCES CONNECTION INC (RGP) has an RSI value of 55.35. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RESOURCES CONNECTION INC?
The short term momentum for RESOURCES CONNECTION INC (RGP) is positive.
What is the support and resistance level for RGP stock?
RESOURCES CONNECTION INC (RGP) has a support level at 4.79 and a resistance level at 4.84. Check the full technical report for our detailed analysis of RGP support and resistance levels.