RELIANCE GLOBAL -CW26 (RELIW) Stock Technical Analysis
NASDAQ:RELIW - Nasdaq - - Currency: USD
Taking everything into account, RELIW scores 3 out of 10 in our technical rating. Although RELIW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RELIW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RELIW is lagging the market.
Warning: RELIW has an average volume of 16695 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that RELIW is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month RELIW has a been trading in the 0.02 - 0.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
0.08
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.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for RELIW is neutral. |
| ChartMill Relative Strength | 86.14 | POSITIVE | RELIW has a high relative strength, it outperformed 86.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RELIW is above a declining 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) | 57.6 | 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. |
| Stochastics (14,3) | 36.42 | NEUTRAL | The Stochastics value for RELIW is a neutral value. |
| Average True Range in percent/ATR (20) | 27.47 | HIGH VOLATILITY | The high ATR as a percentage value for RELIW suggests high volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for RELIW 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:RELIW (6/20/2025, 4:00:49 PM)
0.042
+0 (+5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5%
1 Week121.91%
2 Weeks52.29%
1 Month-11.91%
3 Month67.03%
6 Month-14.34%
12 Month-25.56%
2 Year-58.69%
3 Year-87.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%27.47%
ATR Inc293.14%
Range Today0
ADR(20)0.01
ADR(20)%21.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.14
Mansfield-2.12
10 Day High0.09
10 Day Low0.02
20 Day High0.09
20 Day Low0.02
52 Week High0.13
52 Week Low0.02
CS1 End0.03
CR1 Start0.05
Volume & EV
DER(3)-0.5%
DER(5)7.32%
Volume9.29K
Volume Incr246.92%
Vol(5)50.06K
Vol(50)16.70K