RELAY THERAPEUTICS INC (RLAY) Stock Technical Analysis
NASDAQ:RLAY - Nasdaq - US75943R1023 - Common Stock - Currency: USD
Taking everything into account, RLAY scores 2 out of 10 in our technical rating. RLAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RLAY is a bad performer in the overall market: 86% of all stocks are doing better.
RLAY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RLAY has a been trading in the 3.02 - 3.97 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RLAY has an average volume of 2131420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RLAY is part of the Biotechnology industry. There are 550 other stocks in this industry, RLAY did better than 45% of them.
RLAY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RLAY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.18
3.85
We found 1 important support area.
- A support zone ranging from 3.21 to 3.21. 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 3.44 to 3.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.57 to 3.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.73 from a trend line in the daily time frame.
- Resistance @3.81 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 RLAY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RLAY is down. |
| ChartMill Relative Strength | 14.34 | NEGATIVE | RLAY has a low relative strength, it was outperformed by 85.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RLAY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RLAY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RLAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.51 | NEUTRAL | The RSI value for RLAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RLAY has a negative trend. |
| Stochastics (14,3) | 22.55 | NEUTRAL | The Stochastics value for RLAY is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for RLAY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.11 | NEUTRAL | The ADX value for RLAY suggests a possible start of a new 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)
3.25
+0.03 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.93%
1 Week-10.96%
2 Weeks-12.16%
1 Month-8.71%
3 Month15.66%
6 Month-18.75%
12 Month-49.61%
2 Year-68.2%
3 Year-85.85%
5 Year-91.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%7%
ATR Inc56.2%
Range Today0.21
ADR(20)0.22
ADR(20)%6.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.34
Mansfield-3.16
10 Day High3.78
10 Day Low3.03
20 Day High3.97
20 Day Low3.03
52 Week High10.72
52 Week Low1.77
CS1 End3.21
CR1 Start3.44
Volume & EV
DER(3)3.55%
DER(5)0.97%
Volume2.37M
Volume Incr-23.93%
Vol(5)2.18M
Vol(50)2.13M