Rmg Acquisition Corp Cl A (RMG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RMG -
We assign a technical rating of 9 out of 10 to RMG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RMG is showing a nice and steady performance.
Although RMG has an excellent technical rating, it does not present a decent entry opportunity 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
9.86
3 important support areas can be observed.
- Support @20.60 from a trend line in the daily time frame.
- A support zone ranging from 10.18 to 10.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @9.96 from a horizontal line in the daily 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 RMG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMG is up. |
| ChartMill Relative Strength | 96.77 | POSITIVE | RMG has a high relative strength, it outperformed 96.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.77 | NEUTRAL | The RSI value for RMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests RMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.28 | NEUTRAL | The Stochastics value for RMG is a neutral value. |
| Average True Range in percent/ATR (20) | 13.45 | HIGH VOLATILITY | The high ATR as a percentage value for RMG suggests high volalility. |
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-4.94 (-15.47%)
Rmg Acquisition Corp Cl A / RMG FAQ
What is the technical rating for RMG stock?
ChartMill assigns a technical rating of 8 / 10 to RMG.
What is the trend direction for RMG stock?
The current trend direction for Rmg Acquisition Corp Cl A (RMG) is Bullish.
What is the RSI signal for Rmg Acquisition Corp Cl A (RMG) stock?
Rmg Acquisition Corp Cl A (RMG) has an RSI value of 62.7679. This indicates that the stock is currently neutral.
What is the short term momentum for Rmg Acquisition Corp Cl A (RMG) stock?
The short term momentum for Rmg Acquisition Corp Cl A (RMG) is positive.
What is the support and resistance level for RMG stock?
Rmg Acquisition Corp Cl A (RMG) has a support level at 20.6. Check the full technical report for our detailed analysis of RMG support and resistance levels.