Rmg Acquisition Corp Cl A (RMG) Stock Technical Analysis
NYSE:RMG -
27
-4.94 (-15.47%)
28.25
+1.25 (+4.63%)
Overall RMG gets a technical rating of 9 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RMG has an average volume of 3440990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RMG is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
RMG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RMG is lagging the market.
In the last month RMG has a been trading in the 12.88 - 38.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
27.27
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. |
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)
27
-4.94 (-15.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-15.47%
1 Week12.97%
2 Weeks32.29%
1 Month52.11%
3 Month134.78%
6 Month165.49%
12 Month170.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.2
ATR(20)%13.45%
ATR Inc128.1%
Range Today5.63
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.77
Mansfield10.15
10 Day High38.9
10 Day Low18
20 Day High38.9
20 Day Low12.88
52 Week High38.9
52 Week Low9.5
CS1 End20.6
CR1 StartN/A
Volume & EV
DER(3)0.11%
DER(5)0.17%
Volume11.43M
Volume Incr78.35%
Vol(5)9.52M
Vol(50)3.44M