RESOURCES CONNECTION INC (RGP) Stock Technical Analysis
NASDAQ:RGP - Nasdaq - US76122Q1058 - Common Stock - Currency: USD
Overall RGP gets a technical rating of 2 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RGP is a bad performer in the overall market: 91% of all stocks are doing better.
RGP is part of the Professional Services industry. There are 82 other stocks in this industry, of which 76% are performing better than RGP.
RGP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RGP has a been trading in the 5.19 - 6.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
5.40
6.10
When analyzing the support we notice one important area.
- A support zone ranging from 5.45 to 5.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.88 to 5.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.04 to 6.04. 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 | 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 | 9.13 | NEGATIVE | RGP has a low relative strength, it was outperformed by 90.87% 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) | 51.03 | NEUTRAL | The RSI value for RGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.65 | NEUTRAL | The Stochastics value for RGP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for RGP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.7 | NEUTRAL | The ADX value for RGP suggests a possible start of a new 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)
5.61
-0.11 (-1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-1.92%
1 Week-6.97%
2 Weeks3.51%
1 Month1.45%
3 Month4.86%
6 Month-32.81%
12 Month-45.16%
2 Year-64.89%
3 Year-73.86%
5 Year-50.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%4.08%
ATR Inc-12.84%
Range Today0.22
ADR(20)0.22
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.13
Mansfield-3.35
10 Day High6.3
10 Day Low5.34
20 Day High6.3
20 Day Low5.19
52 Week High12.19
52 Week Low4.81
CS1 End5.46
CR1 Start5.88
Volume & EV
DER(3)8.14%
DER(5)5.81%
Volume323.00K
Volume Incr3.96%
Vol(5)215.24K
Vol(50)199.80K