We assign a technical rating of 9 out of 10 to RLAY. Both in the recent history as in the last year, RLAY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although RLAY has an excellent technical rating, it does not present a decent entry opportunity 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
4.30
2 important support areas can be observed.
- Support @6.00 from a trend line in the daily time frame.
- A support zone ranging from 4.34 to 4.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @7.93 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 | UP | POSITIVE | The long term trend for RLAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLAY is up. |
| ChartMill Relative Strength | 95.61 | POSITIVE | RLAY has a high relative strength, it outperformed 95.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RLAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | NEUTRAL | The RSI value for RLAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests RLAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.07 | NEUTRAL | The Stochastics value for RLAY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for RLAY suggests high volalility. |
| Average Directional Index/ADX (14) | 31.21 | POSITIVE | The high ADX value value for RLAY suggests a strong trend. |
7.4
-0.52 (-6.57%)
RELAY THERAPEUTICS INC / RLAY FAQ
Can you provide the ChartMill technical rating for RELAY THERAPEUTICS INC?
ChartMill assigns a technical rating of 9 / 10 to RLAY.
Can you provide the trend direction for RELAY THERAPEUTICS INC?
The current trend direction for RELAY THERAPEUTICS INC (RLAY) is Bullish.
What is the RSI signal for RLAY stock?
RELAY THERAPEUTICS INC (RLAY) has an RSI value of 57.4865. This indicates that the stock is currently neutral.
What is the buy/sell signal for RLAY stock?
The buy/sell signal for RELAY THERAPEUTICS INC (RLAY) is buy as both the short term and long term trends are positive.
What is the support and resistance level for RLAY stock?
RELAY THERAPEUTICS INC (RLAY) has a support level at 6 and a resistance level at 7.93. Check the full technical report for our detailed analysis of RLAY support and resistance levels.