We assign a technical rating of 10 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.
RLAY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.57. Right above this resistance zone may be a good entry point. 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.
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4.56
We found 2 important support areas.
- Support @7.57 from a horizontal line in the daily time frame.
- A support zone ranging from 4.61 to 4.64. 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 8.57 to 8.66. 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 | 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 | 96.13 | POSITIVE | RLAY has a high relative strength, it outperformed 96.13% 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) | 59.05 | NEUTRAL | The RSI value for RLAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RLAY has a negative trend. |
| Stochastics (14,3) | 69.14 | NEUTRAL | The Stochastics value for RLAY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for RLAY suggests high volalility. |
| Average Directional Index/ADX (14) | 34.82 | POSITIVE | The high ADX value value for RLAY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.67 | 7.94 | 0.73 (8.42%) | 11.88% |
| An entry @8.67. This is a Buy Stop order right above the resistance zone. | An exit @7.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.73 points, which is 8.42%. | When investing 11.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RLAY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.41
-0.15 (-1.75%)
RELAY THERAPEUTICS INC / RLAY FAQ
Can you provide the ChartMill technical rating for RELAY THERAPEUTICS INC?
ChartMill assigns a technical rating of 10 / 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 59.0497. 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 7.57 and a resistance level at 8.57. Check the full technical report for our detailed analysis of RLAY support and resistance levels.