RELIANCE GLOBAL -CW26 (RELIW) Stock Technical Analysis
NASDAQ:RELIW - Nasdaq - - Currency: USD
We assign a technical rating of 4 out of 10 to RELIW. Recently some decent action could be observed, but in the medium term time frame this is still negative. RELIW was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, RELIW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.03, a Stop Loss order could be placed below this zone.
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0.03
When analyzing the support we notice one important area.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.08 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 | NEUTRAL | NEUTRAL | The long term trend for RELIW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RELIW is up. |
| ChartMill Relative Strength | 16.72 | NEGATIVE | RELIW has a low relative strength, it was outperformed by 83.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RELIW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RELIW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RELIW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.27 | NEUTRAL | The RSI value for RELIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RELIW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.43 | NEUTRAL | The Stochastics value for RELIW is a neutral value. |
| Average True Range in percent/ATR (20) | 43.03 | HIGH VOLATILITY | The high ATR as a percentage value for RELIW suggests high volalility. |
| Average Directional Index/ADX (14) | 31.31 | POSITIVE | The high ADX value value for RELIW suggests a strong trend. |
NASDAQ:RELIW (7/14/2025, 8:01:05 PM)
0.035
0 (-11.17%)