Rmg Acquisition Corp II Cl A (RMGB) Stock Technical Analysis
USA - NASDAQ:RMGB -
8.85
-0.09 (-1.01%)
Taking everything into account, RMGB scores 1 out of 10 in our technical rating. In the last year, RMGB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
100% of all other stocks performed better in the past year than RMGB.
RMGB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month RMGB has a been trading in the 8.57 - 9.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of RMGB is bad and it also does not present a quality setup 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
8.76
10.27
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.53 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages 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 RMGB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMGB is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | RMGB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMGB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMGB is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 25 | OVERSOLD | The low RSI value suggests RMGB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests RMGB has a negative trend. |
| Stochastics (14,3) | 30.75 | NEUTRAL | The Stochastics value for RMGB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for RMGB suggests some 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)
NASDAQ:RMGB (8/23/2021, 8:26:09 PM)
8.85
-0.09 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.01%
1 Week-6.74%
2 Weeks-11.23%
1 Month-10.79%
3 Month-10.88%
6 Month-19.55%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.43%
ATR Inc146.47%
Range Today0.7
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
CRS0
Mansfield-30
10 Day High9.98
10 Day Low8.57
20 Day High9.99
20 Day Low8.57
52 Week High12.73
52 Week Low8.57
CS1 EndN/A
CR1 Start9.53
Volume & EV
DER(3)-7.48%
DER(5)-7.24%
Volume161.60K
Volume Incr-56.47%
Vol(5)189.90K
Vol(50)288.43K