RGR Technical Analysis - STURM RUGER & CO INC

Technical Rating and Analysis

Taking everything into account, RGR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RGR is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

RGR is part of the Leisure Products industry. There are 33 other stocks in this industry. RGR outperforms 87% of them.

RGR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RGR has a been trading in the 36.92 - 46.70 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that RGR is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STURM RUGER & CO INC / RGR Weekly stock chart

STURM RUGER & CO INC / RGR Daily stock chart

Setup Rating and Analysis

RGR has an excellent technical rating, but the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.23

46.25

When analyzing the support we can see 4 important areas.

A support zone ranging from 44.76 to 45.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 37.36 to 37.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @35.37 from a horizontal line in the daily time frame.
Support @34.58 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for RGR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RGR is up.
ChartMill Relative Strength	81.94	POSITIVE	RGR has a high relative strength, it outperformed 81.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RGR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RGR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RGR is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.03	OVERBOUGHT	The high RSI value suggests RGR may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests RGR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.81	OVERBOUGHT	The high Stochastics value suggests RGR may be overbought.
Average True Range in percent/ATR (20)	2.8	MEDIUM VOLATILITY	The ATR as a percentage value for RGR suggests some volalility.
Average Directional Index/ADX (14)	61.53	POSITIVE	The high ADX value value for RGR suggests a strong trend.