Rmg Acquisition Corp Cl A (RMG) Technical Analysis
NYSE:RMG
Current stock price
RMG Technical Rating and Analysis
Taking everything into account, RMG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, RMG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- Looking at the yearly performance, RMG did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- RMG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RMG is lagging the market slightly.
- 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.
RMG Weekly and Daily overview Charts
RMG Setup Rating and Analysis
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.
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RMG Support and Resistance Analysis
9.86
We found 3 important support areas.
- 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.
RMG 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 | 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. |
RMG Chart- and CandleStick Pattern Analysis
RMG Technicals: Chart, Performance Metrics, Trend & Indicators
27
-4.94 (-15.47%)
Rmg Acquisition Corp Cl A / RMG TA FAQ
What is the technical rating for RMG stock?
ChartMill assigns a technical rating of 8 / 10 to RMG.
Can you provide the trend direction for Rmg Acquisition Corp Cl A?
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 buy/sell signal for RMG stock?
The buy/sell signal for Rmg Acquisition Corp Cl A (RMG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Rmg Acquisition Corp Cl A (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.