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RESOURCES CONNECTION INC.
RESOURCES CONNECTION INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RGP
ISIN:

RESOURCES CONNECTION INC. - Daily - Technical analysis published on 09/05/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 16.85 USD
My targets
17.55 USD (+2.57%)
19.03 USD (+11.22%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RESOURCES CONNECTION INC. as long as the price remains well above 16.85 USD. The buyers” bullish objective is set at 17.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.03 USD. If there is any crossing, the next objective would be the resistance located at 19.65 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The RESOURCES CONNECTION INC. rating is 17.11 USD. On the day, this instrument gained +2.64% with the lowest point at 16.72 USD and the highest point at 17.18 USD. The deviation from the price is +2.33% for the low point and -0.41% for the high point.

16.72
17.18
17.11

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of RESOURCES CONNECTION INC. in Daily shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.35 16.32 16.85 17.11 17.55 19.03 19.65
Change (%) -10.29% -4.62% -1.52% - +2.57% +11.22% +14.85%
Change -1.76 -0.79 -0.26 - +0.44 +1.92 +2.54
Level Major Major Major - Major Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.9916.2116.4416.6616.8917.1117.34
Camarilla16.5516.5916.6316.6716.7116.7516.79
Woodie16.0016.2116.4516.6616.9017.1117.35
Fibonacci16.2116.3816.4916.6616.8316.9417.11


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.8616.0516.3016.4916.7416.9317.18
Camarilla16.4316.4716.5116.5516.5916.6316.67
Woodie15.8916.0716.3316.5116.7716.9517.21
Fibonacci16.0516.2216.3216.4916.6616.7616.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.2215.2315.8916.9017.5618.5719.23
Camarilla16.0916.2416.4016.5516.7016.8617.01
Woodie14.0515.1415.7216.8117.3918.4819.06
Fibonacci15.2315.8716.2616.9017.5417.9318.57

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 57.91
MACD (12,26,9): -0.0300
Directional Movement: 9.69
AROON (14): -50.00
DEMA (21): 16.66
Parabolic SAR (0,02-0,02-0,2): 16.25
Elder Ray (13): 0.29
Super Trend (3,10): 17.48
Zig ZAG (10): 17.07
VORTEX (21): 0.9400
Stochastique (14,3,5): 44.55
TEMA (21): 16.55
Williams %R (14): -20.38
Chande Momentum Oscillator (20): 0.20
Repulse (5,40,3): 1.5300
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 3.24
MA7: 16.56
MA20: 16.71
MA50: 16.61
MA100: 16.28
MAexp7: 16.67
MAexp20: 16.69
MAexp50: 16.61
MAexp100: 16.47
Price / MA7: +3.32%
Price / MA20: +2.39%
Price / MA50: +3.01%
Price / MA100: +5.10%
Price / MAexp7: +2.64%
Price / MAexp20: +2.52%
Price / MAexp50: +3.01%
Price / MAexp100: +3.89%

News


The latest news and videos published on RESOURCES CONNECTION INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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