Overall RGP gets a technical rating of 6 out of 10. RGP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
RGP has an average technical rating and the quality of the presented setup is also not ideal 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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4.21
We found 2 important support areas.
- A support zone ranging from 4.48 to 4.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.29 to 5.29. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for RGP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGP is up. |
| ChartMill Relative Strength | 17.18 | NEGATIVE | RGP has a low relative strength, it was outperformed by 82.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RGP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.38 | NEUTRAL | The RSI value for RGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.82 | OVERBOUGHT | The high Stochastics value suggests RGP may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for RGP suggests some volalility. |
| Average Directional Index/ADX (14) | 35.77 | POSITIVE | The high ADX value value for RGP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.30 | 4.80 | 0.50 (9.42%) | 10.61% |
| An entry @5.30. This is a Buy Stop order right above the resistance zone. | An exit @4.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.50 points, which is 9.42%. | When investing 10.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.26
-0.02 (-0.38%)
RESOURCES CONNECTION INC / RGP FAQ
What is the technical rating for RGP stock?
ChartMill assigns a technical rating of 6 / 10 to RGP.
Can you provide the trend direction for RESOURCES CONNECTION INC?
The current trend direction for RESOURCES CONNECTION INC (RGP) is Bearish.
What is the RSI signal for RGP stock?
RESOURCES CONNECTION INC (RGP) has an RSI value of 65.3822. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RESOURCES CONNECTION INC?
The short term momentum for RESOURCES CONNECTION INC (RGP) is positive.
What is the support and resistance level for RGP stock?
RESOURCES CONNECTION INC (RGP) has a support level at 4.54 and a resistance level at 5.29. Check the full technical report for our detailed analysis of RGP support and resistance levels.