RELIANCE GLOBAL GROUP INC (RELI) Stock Technical Analysis
NASDAQ:RELI - Nasdaq - US75946W4050 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RELI. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
94% of all other stocks performed better in the past year than RELI.
RELI is one of the lesser performing stocks in the Insurance industry. 93% of 143 stocks in the same industry do better.
RELI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RELI is lagging the market.
In the last month RELI has a been trading in the 1.01 - 1.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RELI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.06
1.28
When analyzing the support we can see 2 important areas.
- Support @1.12 from a trend line in the daily time frame.
- Support @1.07 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.23 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.25 to 1.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for RELI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RELI is neutral. |
| ChartMill Relative Strength | 6.81 | NEGATIVE | RELI has a low relative strength, it was outperformed by 93.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RELI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RELI is above a declining 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) | 51.33 | NEUTRAL | The RSI value for RELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RELI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.9 | NEUTRAL | The Stochastics value for RELI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.42 | HIGH VOLATILITY | The high ATR as a percentage value for RELI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.52 | 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)
NASDAQ:RELI (5/23/2025, 8:51:48 PM)
1.17
+0.02 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.72%
1 Week-4.1%
2 Weeks9.35%
1 Month-0.85%
3 Month-18.75%
6 Month-9.3%
12 Month-74.85%
2 Year-98.48%
3 Year-99.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.42%
ATR Inc-42.89%
Range Today0.06
ADR(20)0.08
ADR(20)%7.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.81
Mansfield-5.12
10 Day High1.33
10 Day Low1.07
20 Day High1.33
20 Day Low1.01
52 Week High18.53
52 Week Low0.97
CS1 End1.12
CR1 Start1.18
Volume & EV
DER(3)2.76%
DER(5)-2.56%
Volume19.20K
Volume Incr-72.19%
Vol(5)15.64K
Vol(50)42.70K