Technical Analysis for RGCO - RGC Resources Inc.

Grade Last Price % Change Price Change
B 20.86 -2.25% -0.48
RGCO closed down 2.25 percent on Monday, March 18, 2024, on 1.38 times normal volume. It was able to find support at its 50 day moving average. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 18 hours ago
20 DMA Support about 18 hours ago
50 DMA Support about 18 hours ago
Rose Above Previous Day's High about 18 hours ago
Outside Day about 18 hours ago

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Profile

RGC Resources, Inc., through its subsidiaries, engages in the distribution of natural gas in Virginia. It is primarily involved in the distribution and sale of natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides non-regulated services. In addition, it offers information technology consulting services, as well as utility and regulatory consulting services to other utilities. The company operates approximately 1,053 miles of transmission and distribution pipeline; owns and operates 8 metering stations; and a liquefied natural gas storage facility located in Botetourt County. RGC Resources, Inc. was founded in 1912 and is based in Roanoke, Virginia.
Classification

Sector: Utilities
Industry: Utilities - Regulated Gas
Keywords: Natural Gas Liquefied Natural Gas Natural Gas Storage Technology Consulting Services Information Technology Consulting Offers Information Technology

Is RGCO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 23.2173
52 Week Low 15.2459
Average Volume 15,396
200-Day Moving Average 18.61
50-Day Moving Average 19.21
20-Day Moving Average 19.52
10-Day Moving Average 20.24
Average True Range 0.86
RSI (14) 64.54
ADX 18.15
+DI 24.44
-DI 17.83
Chandelier Exit (Long, 3 ATRs) 18.89
Chandelier Exit (Short, 3 ATRs) 20.88
Upper Bollinger Bands 21.22
Lower Bollinger Band 17.82
Percent B (%b) 0.9
BandWidth 17.41
MACD Line 0.48
MACD Signal Line 0.29
MACD Histogram 0.195
Fundamentals Value
Market Cap 212.01 Million
Num Shares 10.2 Million
EPS 1.35
Price-to-Earnings (P/E) Ratio 15.45
Price-to-Sales 2.28
Price-to-Book 1.90
PEG Ratio 0.00
Dividend 0.79
Dividend Yield 3.79%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.56
Resistance 3 (R3) 24.35 22.91 23.94
Resistance 2 (R2) 22.91 21.97 23.02 23.74
Resistance 1 (R1) 21.89 21.39 21.17 22.09 23.53
Pivot Point 20.45 20.45 20.09 20.55 20.45
Support 1 (S1) 19.42 19.51 18.70 19.63 18.19
Support 2 (S2) 17.98 18.92 18.09 17.98
Support 3 (S3) 16.96 17.98 17.78
Support 4 (S4) 17.16