We assign a technical rating of 2 out of 10 to RELY. Recently some decent action could be observed, but in the medium term time frame this is still negative. RELY was also a bad performer in the overall market in the last year.
RELY has a poor technical rating and the quality of the setup is also not perfect 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.
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11.96
3 important support areas can be observed.
- A support zone ranging from 14.38 to 14.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.08 from a horizontal line in the daily time frame.
- Support @12.08 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 14.66 to 14.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.08 to 15.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.53 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 | UP | POSITIVE | The short term trend for RELY is up. |
| ChartMill Relative Strength | 12.82 | NEGATIVE | RELY has a low relative strength, it was outperformed by 87.18% 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) | DOWN | MIXED | The current price of RELY is above 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) | 56.44 | NEUTRAL | The RSI value for RELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests RELY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.21 | NEUTRAL | The Stochastics value for RELY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for RELY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.41 | NEUTRAL | The ADX value for RELY suggests a possible start of a new trend. |
14.62
+0.1 (+0.69%)
REMITLY GLOBAL INC / RELY FAQ
What is the ChartMill technical rating of REMITLY GLOBAL INC (RELY) stock?
ChartMill assigns a technical rating of 2 / 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 56.4369. This indicates that the stock is currently neutral.
What is the buy/sell signal for RELY stock?
The buy/sell signal for REMITLY GLOBAL INC (RELY) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for REMITLY GLOBAL INC?
REMITLY GLOBAL INC (RELY) has a support level at 14.61 and a resistance level at 14.66. Check the full technical report for our detailed analysis of RELY support and resistance levels.