REMITLY GLOBAL INC (RELY) Stock Technical Analysis
NASDAQ:RELY • US75960P1049
Taking everything into account, RELY scores 6 out of 10 in our technical rating. In the last year, RELY was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 72% of all other stocks performed better in the past year than RELY.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- RELY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- RELY has an average volume of 3632600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RELY is part of the Financial Services industry. There are 97 other stocks in this industry, RELY did better than 50% of them.
- 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 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
3 important support areas can be observed.
- Support @16.19 from a horizontal line in the daily time frame.
- Support @13.20 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 17.01 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 | 28.19 | NEGATIVE | RELY has a low relative strength, it was outperformed by 71.81% 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 | MIXED | The current price of RELY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.32 | NEUTRAL | The RSI value for RELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests RELY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.01 | NEUTRAL | The Stochastics value for RELY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for RELY suggests high volalility. |
| Average Directional Index/ADX (14) | 30.05 | POSITIVE | The high ADX value value for RELY suggests a strong trend. |
16.7
-0.14 (-0.83%)
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 67.32. 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 0.343925, indicating a bearish trend.
What is the support and resistance level for RELY stock?
REMITLY GLOBAL INC (RELY) has a support level at 16.19 and a resistance level at 17.01. Check the full technical report for our detailed analysis of RELY support and resistance levels.