STURM RUGER & CO INC (RGR) Stock Technical Analysis
NYSE:RGR • US8641591081
Taking everything into account, RGR scores 6 out of 10 in our technical rating. RGR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- RGR is one of the better performing stocks in the Leisure Products industry, it outperforms 73% of 31 stocks in the same industry.
- In the last month RGR has a been trading in the 36.18 - 38.98 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When compared to the yearly performance of all other stocks, RGR outperforms 68% of them, which is more or less in line with the market.
- RGR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RGR is lagging the market.
RGR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.31, a Stop Loss order could be placed below this zone.
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36.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.51 to 38.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.61 to 36.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.44 to 38.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.92 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RGR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGR is up. |
| ChartMill Relative Strength | 68.39 | NEUTRAL | RGR is not amongst the best or worst performers 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) | 61.23 | NEUTRAL | The RSI value for RGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.71 | NEUTRAL | The Stochastics value for RGR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for RGR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.53 | NEUTRAL | The ADX value for RGR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.45 | 37.50 | 0.95 (2.47%) | 25.00% |
| An entry @38.45. This is a Buy Stop order right above the resistance zone. | An exit @37.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.95 points, which is 2.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- The distance between exit and entry is rather small compared to the average daily movement of RGR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
38.43
+0.06 (+0.16%)
STURM RUGER & CO INC / RGR FAQ
What is the ChartMill technical rating of STURM RUGER & CO INC (RGR) stock?
ChartMill assigns a technical rating of 6 / 10 to RGR.
Can you provide the trend direction for STURM RUGER & CO INC?
The current trend direction for STURM RUGER & CO INC (RGR) is Bearish.
Can you provide the RSI signal for STURM RUGER & CO INC?
STURM RUGER & CO INC (RGR) has an RSI value of 61.225. This indicates that the stock is currently neutral.
What is the short term momentum for RGR stock?
The short term momentum for STURM RUGER & CO INC (RGR) is positive.
What are the support and resistance levels for STURM RUGER & CO INC (RGR) stock?
STURM RUGER & CO INC (RGR) has a support level at 38.31 and a resistance level at 38.44. Check the full technical report for our detailed analysis of RGR support and resistance levels.