RELIANCE GLOBAL -CW26 (RELIW) Stock Technical Analysis
USA - NASDAQ:RELIW -
Overall RELIW gets a technical rating of 1 out of 10. RELIW 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 technical rating of RELIW 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
0.03
When analyzing the support we notice one important area.
- Support @0.03 from a trend line in the daily time frame.
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.
- Resistance @0.05 from a trend line in the daily time frame.
- Resistance @0.06 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 | NEUTRAL | NEUTRAL | The long term trend for RELIW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RELIW is neutral. |
| ChartMill Relative Strength | 16.53 | NEGATIVE | RELIW has a low relative strength, it was outperformed by 83.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RELIW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RELIW is below 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) | 46.88 | NEUTRAL | The RSI value for RELIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RELIW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.84 | NEUTRAL | The Stochastics value for RELIW is a neutral value. |
| Average True Range in percent/ATR (20) | 17.35 | HIGH VOLATILITY | The high ATR as a percentage value for RELIW suggests high volalility. |
| Average Directional Index/ADX (14) | 11.01 | NEGATIVE | The low ADX value for RELIW suggests a weak or negative trend. |
0.036
+0 (+2.86%)
RELIANCE GLOBAL -CW26 / RELIW FAQ
What is the technical rating for RELIW stock?
ChartMill assigns a technical rating of 1 / 10 to RELIW.
What is the current trend direction of RELIANCE GLOBAL -CW26 (RELIW) stock?
The current trend direction for RELIANCE GLOBAL -CW26 (RELIW) is Bearish.
What is the RSI signal for RELIANCE GLOBAL -CW26 (RELIW) stock?
RELIANCE GLOBAL -CW26 (RELIW) has an RSI value of 46.8771. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RELIANCE GLOBAL -CW26?
The MACD indicator for RELIANCE GLOBAL -CW26 (RELIW) has a value of -0.000680741, indicating a bearish trend.