RELIANCE GLOBAL GROUP INC (RELI) Stock Technical Analysis
USA - NASDAQ:RELI - US75946W4050 - Common Stock
Taking everything into account, RELI scores 0 out of 10 in our technical rating. 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 only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.78
When analyzing the support we notice one important area.
- Support @0.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.02 from a trend line in the daily time frame.
- Resistance @1.06 from a horizontal line in the daily time frame.
- Resistance @1.55 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 | 6.85 | NEGATIVE | RELI has a low relative strength, it was outperformed by 93.15% 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) | 44.06 | NEUTRAL | The RSI value for RELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RELI has a negative trend. |
| Stochastics (14,3) | 18.6 | OVERSOLD | The low Stochastics value suggests RELI may be oversold. |
| Average True Range in percent/ATR (20) | 10.89 | HIGH VOLATILITY | The high ATR as a percentage value for RELI suggests high volalility. |
| Average Directional Index/ADX (14) | 43.92 | POSITIVE | The high ADX value value for RELI suggests a strong trend. |
0.8417
-0.04 (-4.35%)
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 current trend direction of RELIANCE GLOBAL GROUP INC (RELI) stock?
The current trend direction for RELIANCE GLOBAL GROUP INC (RELI) is Bearish.
What is the RSI signal for RELI stock?
RELIANCE GLOBAL GROUP INC (RELI) has an RSI value of 44.0575. This indicates that the stock is currently neutral.
What is the MACD signal for RELIANCE GLOBAL GROUP INC (RELI) stock?
The MACD indicator for RELIANCE GLOBAL GROUP INC (RELI) has a value of -0.00749388, indicating a bearish trend.
What is the support and resistance level for RELI stock?
RELIANCE GLOBAL GROUP INC (RELI) has a support level at 0.79 and a resistance level at 0.9. Check the full technical report for our detailed analysis of RELI support and resistance levels.