REMITLY GLOBAL INC (RELY) Stock Technical Analysis
NASDAQ:RELY - Nasdaq - US75960P1049 - Common Stock - Currency: USD
Taking everything into account, RELY scores 3 out of 10 in our technical rating. Although RELY 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.
In the last month RELY has a been trading in the 19.00 - 23.14 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.
Looking at the yearly performance, RELY did better than 89% of all other stocks.
RELY is part of the Financial Services industry. There are 99 other stocks in this industry. RELY outperforms 86% of them.
RELY has an average volume of 2726600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
RELY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RELY is lagging the market slightly.
The technical rating of RELY 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
18.46
26.91
We found 1 important support area.
- A support zone ranging from 18.65 to 18.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 21.00 to 21.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.48 from a trend line in the weekly time frame.
- Resistance @23.46 from a trend line in the daily time frame.
- Resistance @26.64 from a horizontal line in the weekly 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 RELY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RELY is down. |
| ChartMill Relative Strength | 89.36 | POSITIVE | RELY has a high relative strength, it outperformed 89.36% 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) | UP | MIXED | The current price of RELY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.54 | NEUTRAL | The RSI value for RELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests RELY has a negative trend. |
| Stochastics (14,3) | 11.24 | OVERSOLD | The low Stochastics value suggests RELY may be oversold. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for RELY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.39 | 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)
19.35
-0.57 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-2.86%
1 Week-10.17%
2 Weeks-9.41%
1 Month-15.17%
3 Month-2.76%
6 Month-6.7%
12 Month57.06%
2 Year2.82%
3 Year152.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%3.45%
ATR Inc3.14%
Range Today0.7
ADR(20)0.64
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.36
Mansfield-0.04
10 Day High21.61
10 Day Low19
20 Day High23.14
20 Day Low19
52 Week High27.32
52 Week Low11.6
CS1 End18.66
CR1 Start21
Volume & EV
DER(3)7.84%
DER(5)4.69%
Volume3.42M
Volume Incr13.85%
Vol(5)3.41M
Vol(50)2.73M