Taking everything into account, RGP scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RGP is a bad performer in the overall market: 88% of all stocks are doing better.
- RGP is part of the Professional Services industry. There are 87 other stocks in this industry, of which 63% 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 4.24 - 5.30 range, which is quite wide. It is currently trading near the lows of this range.
RGP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for RGP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.20
When analyzing the support we can see 2 important areas.
- Support @4.33 from a horizontal line in the weekly time frame.
- Support @4.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.46 to 4.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.09 from a trend line in the weekly time frame.
- Resistance @5.19 from a trend line in the daily time frame.
- A resistance zone ranging from 5.28 to 5.29. 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 | DOWN | NEGATIVE | The short term trend for RGP is down. |
| ChartMill Relative Strength | 12.2 | NEGATIVE | RGP has a low relative strength, it was outperformed by 87.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGP is below a declining 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) | 34.52 | NEUTRAL | The RSI value for RGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests RGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.75 | OVERSOLD | The low Stochastics value suggests RGP may be oversold. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for RGP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.86 | POSITIVE | The high ADX value value for RGP suggests a strong trend. |
4.34
-0.11 (-2.47%)
RESOURCES CONNECTION INC / RGP FAQ
What is the technical rating for RGP stock?
ChartMill assigns a technical rating of 0 / 10 to RGP.
What is the current trend direction of RESOURCES CONNECTION INC (RGP) stock?
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 34.5198. This indicates that the stock is currently neutral.
What is the MACD signal for RGP stock?
The MACD indicator for RESOURCES CONNECTION INC (RGP) has a value of -0.0504537, indicating a bearish trend.
What is the buy/sell signal for RESOURCES CONNECTION INC (RGP) stock?
The buy/sell signal for RESOURCES CONNECTION INC (RGP) is sell as both the short term and long term trends are negative.