REMITLY GLOBAL INC (RELY) Stock Technical Analysis
USA - NASDAQ:RELY - US75960P1049 - Common Stock
12.31 USD
-4.13 (-25.12%)
12.21 USD
-0.1 (-0.81%)
We assign a technical rating of 0 out of 10 to RELY. RELY 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RELY is a bad performer in the overall market: 93% of all stocks are doing better.
RELY is one of the lesser performing stocks in the Financial Services industry. 83% of 98 stocks in the same industry do better.
RELY is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month RELY has a been trading in the 12.21 - 17.55 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RELY has an average volume of 3634420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of RELY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.19
20.85
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 16.37 to 16.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.20 from a trend line in the daily time frame.
- Resistance @20.64 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 RELY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RELY is neutral. |
| ChartMill Relative Strength | 7.24 | NEGATIVE | RELY has a low relative strength, it was outperformed by 92.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RELY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RELY is below a declining 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) | 24.89 | OVERSOLD | The low RSI value suggests RELY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests RELY has a negative trend. |
| Stochastics (14,3) | 31.94 | NEUTRAL | The Stochastics value for RELY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for RELY suggests high volalility. |
| Average Directional Index/ADX (14) | 20.32 | NEUTRAL | The ADX value for RELY suggests a possible start of a new 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)
12.31
-4.13 (-25.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-25.12%
1 Week-21.94%
2 Weeks-27.42%
1 Month-20.48%
3 Month-35.21%
6 Month-48.39%
12 Month-36.87%
2 Year-42.85%
3 Year17.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%5.73%
ATR Inc403.21%
Range Today1.26
ADR(20)0.53
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.24
3 months CRS4.86
6 months CRS4.19
Mansfield-4.48
10 Day High17.55
10 Day Low12.21
20 Day High17.55
20 Day Low12.21
52 Week High27.32
52 Week Low12.21
CS1 EndN/A
CR1 Start16.37
Volume & EV
DER(3)0.8%
DER(5)-0.79%
Volume23.39M
Volume Incr183.68%
Vol(5)8.04M
Vol(50)3.63M
REMITLY GLOBAL INC / RELY FAQ
What is the ChartMill technical rating of REMITLY GLOBAL INC (RELY) stock?
ChartMill assigns a technical rating of 0 / 10 to RELY.
Can you provide the trend direction for REMITLY GLOBAL INC?
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 24.8867. This indicates that the stock is currently oversold.
What is the support and resistance level for RELY stock?
REMITLY GLOBAL INC (RELY) has a resistance level at 16.37. Check the full technical report for our detailed analysis of RELY support and resistance levels.