REMITLY GLOBAL INC (RELY) Stock Technical Analysis
NASDAQ:RELY - Nasdaq - US75960P1049 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to RELY. RELY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month RELY has a been trading in the 16.86 - 20.63 range, which is quite wide. It is currently trading near the lows of this range.
RELY has an average volume of 3532240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RELY outperforms 51% of them, which is more or less in line with the market.
RELY is an average performer in the Financial Services industry, it outperforms 61% of 100 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.
RELY has a poor technical rating and the quality of the setup is also only medium 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
16.84
26.91
We found 1 important support area.
- A support zone ranging from 17.01 to 17.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 18.31 to 18.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @20.83 from a trend line in the weekly time frame.
- Resistance @22.38 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 | DOWN | NEGATIVE | The long term trend for RELY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RELY is down. |
| ChartMill Relative Strength | 51.74 | NEUTRAL | RELY is not amongst the best or worst performers 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) | 31.84 | NEUTRAL | The RSI value for RELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RELY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.35 | OVERSOLD | The low Stochastics value suggests RELY may be oversold. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for RELY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.72 | NEGATIVE | The low ADX value for RELY 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)
17.27
+0.25 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.5%
1 Week-0.52%
2 Weeks-6.75%
1 Month-14.21%
3 Month-13.87%
6 Month-24.98%
12 Month24.07%
2 Year-10.43%
3 Year81.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%3.62%
ATR Inc-23.12%
Range Today0.48
ADR(20)0.62
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.74
Mansfield-1.73
10 Day High18.69
10 Day Low16.86
20 Day High20.63
20 Day Low16.86
52 Week High27.32
52 Week Low12.43
CS1 End17.01
CR1 Start18.31
Volume & EV
DER(3)-1.81%
DER(5)-1.08%
Volume3.66M
Volume Incr15.35%
Vol(5)4.31M
Vol(50)3.53M