REMITLY GLOBAL INC (RELY) Stock Technical Analysis
USA - NASDAQ:RELY - US75960P1049 - Common Stock
Overall RELY gets a technical rating of 0 out of 10. RELY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
14.69
We found 1 important support area.
- A support zone ranging from 14.84 to 15.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 16.83 to 17.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.44 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 | 22.6 | NEGATIVE | RELY has a low relative strength, it was outperformed by 77.4% 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) | 41.86 | NEUTRAL | The RSI value for RELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests RELY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.36 | NEUTRAL | The Stochastics value for RELY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for RELY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.44 | NEUTRAL | The ADX value for RELY suggests a possible start of a new trend. |
15.77
-0.51 (-3.13%)
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 41.8594. This indicates that the stock is currently neutral.
What is the support and resistance level for RELY stock?
REMITLY GLOBAL INC (RELY) has a support level at 15.12 and a resistance level at 16.83. Check the full technical report for our detailed analysis of RELY support and resistance levels.