RGC Resources Technical Analysis (NASDAQ:RGCO)

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$27.03 $0.36 (1.31%) RGCO stock closing price Sep 22, 2017 (Closing)

Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future RGC Resources stock price movements is formed, the RGCO stock chart can become a key tool for a technical analyst.

See RGC Resources bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of RGC Resources stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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RGC Resources Moving Average:

RGCO stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of RGC Resources chart patterns after the calculations remain the same. The 100 day moving average of 26.53 is below the last closing price of 27.39. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for RGC Resources are mostly signals of long term trends and will help long term traders.

RGC Resources Bollinger Bands:

Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RGCO stock. RGC Resources bollinger bands show that the stock price is $27.39, upper band is 9.66, lower band is 8.99, and the average is 9.32.

RGC Resources Moving Average Convergence Divergence or MACD:

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up.   The RGC Resources MACD line is above the signal line.

RGC Resources Relative Strength Index:

The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock.   The relative strength index of RGCO stock is 48.53. .

RGCO Stock Details

Prev Close* : $27.39
Open: $26.95
Day Low: $26.95
Day High: $27.28
Volume: 8091
52 Week High: $31.99
52 Week Low: $15.77
Market Cap:
$194.91M
Dividend:
0.58