RELIANCE GLOBAL GROUP INC (RELI) Stock Technical Analysis
NASDAQ:RELI - Nasdaq - US75946W4050 - Common Stock - Currency: USD
Overall RELI gets a technical rating of 2 out of 10. RELI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than RELI.
RELI is one of the lesser performing stocks in the Insurance industry. 84% of 145 stocks in the same industry do better.
RELI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RELI has a been trading in the 1.39 - 2.64 range, which is quite wide. It is currently trading near the lows of this range.
RELI has an average volume of 1690020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of RELI is bad and it also does not present a quality setup 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
1.27
2.92
When analyzing the support we can see 2 important areas.
- Support @1.40 from a horizontal line in the daily time frame.
- Support @1.28 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.49 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.05 from a trend line in the weekly time frame.
- Resistance @2.41 from a trend line in the weekly time frame.
- Resistance @2.89 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for RELI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RELI is down. |
| ChartMill Relative Strength | 15.09 | NEGATIVE | RELI has a low relative strength, it was outperformed by 84.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RELI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RELI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RELI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.96 | NEUTRAL | The RSI value for RELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RELI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.18 | OVERSOLD | The low Stochastics value suggests RELI may be oversold. |
| Average True Range in percent/ATR (20) | 16.55 | HIGH VOLATILITY | The high ATR as a percentage value for RELI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for RELI suggests a weak or negative trend. |
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)
1.45
-0.03 (-2.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.03%
1 Week-3.33%
2 Weeks-10.49%
1 Month-50.34%
3 Month42.86%
6 Month-32.24%
12 Month-62.34%
2 Year-97.42%
3 Year-99.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%16.55%
ATR Inc-41.52%
Range Today0.08
ADR(20)0.22
ADR(20)%15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.09
Mansfield-2.94
10 Day High1.74
10 Day Low1.39
20 Day High2.64
20 Day Low1.39
52 Week High5.11
52 Week Low0.97
CS1 End1.4
CR1 Start1.49
Volume & EV
DER(3)13.93%
DER(5)11.13%
Volume120.70K
Volume Incr-96.31%
Vol(5)152.48K
Vol(50)1.69M