ROYCE GLOBAL TRUST INC (RGT) Stock Technical Analysis
USA - NYSE:RGT - US78081T1043
Overall RGT gets a technical rating of 4 out of 10. In the last year, RGT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, RGT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.70, a Stop Loss order could be placed below this zone.
More info and screens
12.10
2 important support areas can be observed.
- A support zone ranging from 12.64 to 12.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.86 to 12.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.14 to 13.21. 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 | UP | POSITIVE | The long term trend for RGT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGT is down. |
| ChartMill Relative Strength | 63.83 | NEUTRAL | RGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RGT is below 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) | 46.44 | NEUTRAL | The RSI value for RGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RGT has a negative trend. |
| Stochastics (14,3) | 49.53 | NEUTRAL | The Stochastics value for RGT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for RGT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.83 | NEGATIVE | The low ADX value for RGT suggests a weak or negative trend. |
12.8
+0.02 (+0.16%)
ROYCE GLOBAL TRUST INC / RGT FAQ
Can you provide the ChartMill technical rating for ROYCE GLOBAL TRUST INC?
ChartMill assigns a technical rating of 4 / 10 to RGT.
What is the current trend direction of ROYCE GLOBAL TRUST INC (RGT) stock?
The current trend direction for ROYCE GLOBAL TRUST INC (RGT) is Bullish.
What is the RSI signal for ROYCE GLOBAL TRUST INC (RGT) stock?
ROYCE GLOBAL TRUST INC (RGT) has an RSI value of 46.4412. This indicates that the stock is currently neutral.
What is the MACD signal for ROYCE GLOBAL TRUST INC (RGT) stock?
The MACD indicator for ROYCE GLOBAL TRUST INC (RGT) has a value of -0.0183613, indicating a bearish trend.
What is the short term momentum for RGT stock?
The short term momentum for ROYCE GLOBAL TRUST INC (RGT) is negative.