Technical Analysis for RECN - Resources Connection, Inc.

Grade Last Price % Change Price Change
grade B 16.33 -2.62% -0.44
RECN closed down 2.62 percent on Friday, August 23, 2019, on 1.12 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Flat Down Down
See historical RECN trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Strong but Oversold Other 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -2.62%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.62%
Strong but Oversold Other -2.62%
Outside Day Range Expansion -2.62%
Oversold Stochastic Weakness -2.62%

Older signals for RECN ...

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Profile
Resources Connection, Inc. provides consulting services. It offers finance and accounting services, such as financial analyses, carve-outs and divestitures, merger and acquisition due diligence, budgeting and forecasting, audit preparation, public-entity reporting, tax-related projects, initial public offering assistance, and assistance in the preparation or restatement of financial statements. The company also offers information management services, which include financial system/enterprise resource planning implementation and post implementation optimization; corporate advisory, strategic communications, and restructuring services; and services in the areas of corporate governance, risk management, internal audit co-sourcing, and compliance. In addition, it offers supply chain management services in the areas of strategic sourcing, contract negotiations and purchasing strategy, and Conflict Minerals compliance; healthcare solutions; actuarial support services for pension and life insurance companies; and human capital services, such as change management, and compensation program design and implementation. Further, the company provides legal and regulatory services, which comprise providing attorneys, paralegals, and contract managers to assist clients with project-based, secondment, or peak period needs. Additionally, it offers policyIQ, a cloud-based governance, risk, and compliance (GRC) software application that enables the focused management of a range of GRC processes, such as risk assessments, Sarbanes compliance, Foreign Corrupt Practices Act, policy and procedure management, internal audit programs, anti-corruption compliance, and Conflict Minerals compliance. The company has operations in North America, Europe, and the Asia Pacific. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.
Life Insurance Risk Management Software Application Consulting Services Healthcare Solutions Accounting Change Management Supply Chain Management Services Information Management Services Regulatory Compliance Audit Corporate Governance Internal Audit Human Capital Services
Is RECN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 19.5
52 Week Low 12.72
Average Volume 141,433
200-Day Moving Average 16.2584
50-Day Moving Average 16.5432
20-Day Moving Average 17.032
10-Day Moving Average 16.774
Average True Range 0.402
ADX 13.53
+DI 20.752
-DI 20.9368
Chandelier Exit (Long, 3 ATRs ) 16.724
Chandelier Exit (Short, 3 ATRs ) 17.506
Upper Bollinger Band 17.7185
Lower Bollinger Band 16.3455
Percent B (%b) -0.01
BandWidth 8.061296
MACD Line 0.0044
MACD Signal Line 0.0994
MACD Histogram -0.095
Fundamentals Value
Market Cap 488.25 Million
Num Shares 29.9 Million
EPS 0.48
Price-to-Earnings (P/E) Ratio 34.02
Price-to-Sales 0.79
Price-to-Book 1.88
PEG Ratio 2.78
Dividend 0.48
Dividend Yield 2.94%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.10
Resistance 3 (R3) 17.17 16.99 16.97
Resistance 2 (R2) 16.99 16.80 16.95 16.92
Resistance 1 (R1) 16.66 16.67 16.57 16.59 16.88
Pivot Point 16.48 16.48 16.44 16.44 16.48
Support 1 (S1) 16.15 16.29 16.06 16.08 15.78
Support 2 (S2) 15.97 16.16 15.93 15.74
Support 3 (S3) 15.64 15.97 15.69
Support 4 (S4) 15.57