We assign a technical rating of 0 out of 10 to RELI. RELI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RELI has a poor technical rating and the quality of the setup is also not perfect 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
0.53
When analyzing the resistance we notice 3 important areas.
- Resistance @0.56 from a trend line in the daily time frame.
- Resistance @0.58 from a trend line in the daily time frame.
- Resistance @1.06 from a horizontal 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 | 3.74 | NEGATIVE | RELI has a low relative strength, it was outperformed by 96.26% 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) | DOWN | NEGATIVE | The current price of RELI is below 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) | 38.64 | NEUTRAL | The RSI value for RELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RELI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.07 | NEUTRAL | The Stochastics value for RELI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.49 | HIGH VOLATILITY | The high ATR as a percentage value for RELI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.07 | NEGATIVE | The low ADX value for RELI suggests a weak or negative trend. |
0.5327
-0.03 (-4.88%)
RELIANCE GLOBAL GROUP INC / RELI FAQ
What is the technical rating for RELI stock?
ChartMill assigns a technical rating of 0 / 10 to RELI.
What is the trend direction for RELI stock?
The current trend direction for RELIANCE GLOBAL GROUP INC (RELI) is Bearish.
Can you provide the RSI signal for RELIANCE GLOBAL GROUP INC?
RELIANCE GLOBAL GROUP INC (RELI) has an RSI value of 38.6402. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RELIANCE GLOBAL GROUP INC?
The MACD indicator for RELIANCE GLOBAL GROUP INC (RELI) has a value of 0.00396952, indicating a bearish trend.
What is the support and resistance level for RELI stock?
RELIANCE GLOBAL GROUP INC (RELI) has a resistance level at 0.56. Check the full technical report for our detailed analysis of RELI support and resistance levels.