REMITLY GLOBAL INC (RELY) Stock Technical Analysis
NASDAQ:RELY • US75960P1049
We assign a technical rating of 6 out of 10 to RELY. RELY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, RELY is a bad performer in the overall market: 76% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month RELY has a been trading in the 12.10 - 17.88 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- RELY has an average volume of 3576960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RELY is an average performer in the Financial Services industry, it outperforms 49% of 98 stocks in the same industry.
- RELY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RELY is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RELY has an average technical rating and it also does not offer a high 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
11.96
2 important support areas can be observed.
- Support @13.10 from a trend line in the daily time frame.
- A support zone ranging from 12.08 to 12.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.07 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 RELY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RELY is up. |
| ChartMill Relative Strength | 24.79 | NEGATIVE | RELY has a low relative strength, it was outperformed by 75.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RELY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RELY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RELY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.78 | NEUTRAL | The RSI value for RELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests RELY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.81 | NEUTRAL | The Stochastics value for RELY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for RELY suggests high volalility. |
| Average Directional Index/ADX (14) | 27.16 | POSITIVE | The high ADX value value for RELY suggests a strong trend. |
16.25
+0.06 (+0.37%)
REMITLY GLOBAL INC / RELY FAQ
What is the ChartMill technical rating of REMITLY GLOBAL INC (RELY) stock?
ChartMill assigns a technical rating of 6 / 10 to RELY.
What is the current trend direction of REMITLY GLOBAL INC (RELY) stock?
The current trend direction for REMITLY GLOBAL INC (RELY) is Bearish.
What is the RSI signal for RELY stock?
REMITLY GLOBAL INC (RELY) has an RSI value of 65.7833. This indicates that the stock is currently neutral.
What is the MACD signal for RELY stock?
The MACD indicator for REMITLY GLOBAL INC (RELY) has a value of 0.386919, indicating a bearish trend.
What is the support and resistance level for RELY stock?
REMITLY GLOBAL INC (RELY) has a support level at 13.1 and a resistance level at 17.07. Check the full technical report for our detailed analysis of RELY support and resistance levels.