REMITLY GLOBAL INC (RELY) Stock Technical Analysis
NASDAQ:RELY - Nasdaq - US75960P1049 - Common Stock - Currency: USD
Overall RELY gets a technical rating of 4 out of 10. In the past year, RELY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RELY is part of the Financial Services industry. There are 101 other stocks in this industry. RELY outperforms 71% of them.
In the last month RELY has a been trading in the 15.62 - 20.15 range, which is quite wide. It is currently trading near the high of this range.
RELY has an average volume of 4133150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, RELY turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
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
19.45
26.91
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 19.66 to 20.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.57 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 | UP | POSITIVE | The short term trend for RELY is up. |
| ChartMill Relative Strength | 69.08 | NEUTRAL | RELY is not amongst the best or worst performers 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) | UP | MIXED | The current price of RELY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.72 | NEUTRAL | The RSI value for RELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests RELY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.84 | OVERBOUGHT | The high Stochastics value suggests RELY may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for RELY suggests some volalility. |
| Average Directional Index/ADX (14) | 32.73 | POSITIVE | The high ADX value value for RELY suggests a strong 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)
19.65
-0.32 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.6%
1 Week3.69%
2 Weeks19.09%
1 Month14.38%
3 Month-13.78%
6 Month-27.6%
12 Month35.7%
2 Year-21.87%
3 Year78.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%3.51%
ATR Inc-19.38%
Range Today0.67
ADR(20)0.56
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.08
Mansfield-0.87
10 Day High20.15
10 Day Low15.62
20 Day High20.15
20 Day Low15.62
52 Week High27.32
52 Week Low12.43
CS1 EndN/A
CR1 Start19.66
Volume & EV
DER(3)2.04%
DER(5)1.13%
Volume3.17M
Volume Incr-3.27%
Vol(5)4.67M
Vol(50)4.13M