ROYAL MAIL PLC (RMG.L) Technical Analysis
LON:RMG • GB00BDVZYZ77
Current stock price
RMG.L Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RMG. RMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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, RMG is a bad performer in the overall market: 94% of all stocks are doing better.
- RMG 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 RMG has a been trading in the 177.15 - 270.30 range, which is quite wide. It is currently trading near the lows of this range.
- RMG has an average volume of 1515610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RMG.L Weekly and Daily overview Charts
RMG.L Setup Rating and Analysis
RMG has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
RMG.L Support and Resistance Analysis
196.14
4 important resistance areas can be observed.
- Resistance @207.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 240.16 to 242.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 248.88 to 250.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @266.60 from a horizontal line in the daily time frame.
RMG.L 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 | DOWN | NEGATIVE | The long term trend for RMG.L is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMG.L is down. |
| ChartMill Relative Strength | 6.9 | NEGATIVE | RMG.L has a low relative strength, it was outperformed by 93.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMG.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMG.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RMG.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.22 | NEUTRAL | The RSI value for RMG.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests RMG.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.88 | NEUTRAL | The Stochastics value for RMG.L is a neutral value. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for RMG.L suggests high volalility. |
| Average Directional Index/ADX (14) | 38.45 | POSITIVE | The high ADX value value for RMG.L suggests a strong trend. |
RMG.L Chart- and CandleStick Pattern Analysis
RMG.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:RMG (10/5/2022, 5:29:56 PM)
198.125
-8.87 (-4.29%)
ROYAL MAIL PLC / RMG.L TA FAQ
What is the technical rating for RMG stock?
ChartMill assigns a technical rating of 0 / 10 to RMG.L.
Can you provide the trend direction for ROYAL MAIL PLC?
The current trend direction for ROYAL MAIL PLC (RMG.L) is Bearish.
Can you provide the RSI signal for ROYAL MAIL PLC?
ROYAL MAIL PLC (RMG.L) has an RSI value of 35.2225. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ROYAL MAIL PLC?
The short term momentum for ROYAL MAIL PLC (RMG.L) is negative.
Can you provide the buy/sell signal for ROYAL MAIL PLC?
The buy/sell signal for ROYAL MAIL PLC (RMG.L) is sell as both the short term and long term trends are negative.