RALLY SOFTWARE DEV CORP (RALY) Stock Technical Analysis
NYSE:RALY - New York Stock Exchange, Inc. - US7511981026
We assign a technical rating of 10 out of 10 to RALY. Both in the recent history as in the last year, RALY has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RALY is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by RALY over the past year are nicely spread over this period.
RALY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RALY is leading the market.
In the last month RALY has a been trading in a tight range between 19.40 and 19.81.
Considerably lower volume is observed in the last couple of days.
RALY has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
13.90
19.70
When analyzing the support we can see 4 important areas.
- A support zone ranging from 19.44 to 19.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.44 from a trend line in the weekly time frame.
- Support @14.89 from a trend line in the daily time frame.
- Support @14.04 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.50 to 19.50. 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 | UP | POSITIVE | The long term trend for RALY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RALY is up. |
| ChartMill Relative Strength | 95.39 | POSITIVE | RALY has a high relative strength, it outperformed 95.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RALY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RALY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RALY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.15 | OVERBOUGHT | The high RSI value suggests RALY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests RALY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.24 | OVERBOUGHT | The high Stochastics value suggests RALY may be overbought. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for RALY suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:RALY (7/7/2015, 7:55:57 PM)
19.49
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week0.26%
2 Weeks0.1%
1 Month0.21%
3 Month22.58%
6 Month67.44%
12 Month99.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.23%
ATR Inc36.11%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.39
Mansfield4.98
10 Day High19.51
10 Day Low19.4
20 Day High19.81
20 Day Low19.4
52 Week High19.81
52 Week Low8.24
CS1 End19.46
CR1 Start19.5
Volume & EV
DER(3)5.31%
DER(5)2.97%
Volume307.00K
Volume Incr-71.04%
Vol(5)208.28K
Vol(50)661.63K