RGP Technical Analysis - RESOURCES CONNECTION INC

Technical Rating and Analysis

Overall RGP gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RGP was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, RGP is a bad performer in the overall market: 92% of all stocks are doing better.

RGP is part of the Professional Services industry. There are 82 other stocks in this industry, of which 71% 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 4.67 - 5.54 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RESOURCES CONNECTION INC / RGP Weekly stock chart

RESOURCES CONNECTION INC / RGP Daily stock chart

Setup Rating and Analysis

RGP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.20, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.93

6.10

When analyzing the support we notice one important area.

A support zone ranging from 4.98 to 5.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

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.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	8.51	NEGATIVE	RGP has a low relative strength, it was outperformed by 91.49% 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)	56.49	NEUTRAL	The RSI value for RGP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests RGP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	73.79	NEUTRAL	The Stochastics value for RGP is a neutral value.
Average True Range in percent/ATR (20)	3.53	MEDIUM VOLATILITY	The ATR as a percentage value for RGP suggests some volalility.
Average Directional Index/ADX (14)	16.5	NEGATIVE	The low ADX value for RGP suggests a weak or negative trend.