ROYCE GLOBAL TRUST INC (RGT) Stock Technical Analysis
NYSE:RGT - New York Stock Exchange, Inc. - US78081T1043 - Currency: USD
We assign a technical rating of 8 out of 10 to RGT. Although RGT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: RGT has an average volume of 14216 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
RGT 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 RGT has a been trading in the 11.54 - 12.49 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, RGT outperforms 68% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
Although RGT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.80
12.48
3 important support areas can be observed.
- A support zone ranging from 11.85 to 12.05. 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 11.64 to 11.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.90 from a trend 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 | UP | POSITIVE | The long term trend for RGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGT is up. |
| ChartMill Relative Strength | 68.12 | NEUTRAL | RGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.56 | OVERBOUGHT | The high RSI value suggests RGT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RGT has a positive trend. |
| Stochastics (14,3) | 83.81 | OVERBOUGHT | The high Stochastics value suggests RGT may be overbought. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for RGT suggests low volalility. |
| Average Directional Index/ADX (14) | 31.21 | POSITIVE | The high ADX value value for RGT suggests a strong 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)
12.36
+0.09 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.73%
1 Week3.95%
2 Weeks5.73%
1 Month6.46%
3 Month28.75%
6 Month13.71%
12 Month7.01%
2 Year31.35%
3 Year28.35%
5 Year-2.37%
10 Year55.47%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%1.31%
ATR Inc35.84%
Range Today0.13
ADR(20)0.15
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.12
Mansfield0.15
10 Day High12.49
10 Day Low11.63
20 Day High12.49
20 Day Low11.54
52 Week High12.49
52 Week Low9
CS1 End12.05
CR1 StartN/A
Volume & EV
DER(3)2.75%
DER(5)2.21%
Volume3.60K
Volume Incr169.31%
Vol(5)27.82K
Vol(50)14.22K