RELAY THERAPEUTICS INC (RLAY) Stock Technical Analysis
NASDAQ:RLAY - Nasdaq - US75943R1023 - Common Stock - Currency: USD
Overall RLAY gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, RLAY is a bad performer in the overall market: 92% of all stocks are doing better.
RLAY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RLAY is lagging the market.
In the last month RLAY has a been trading in the 2.67 - 3.48 range, which is quite wide. It is currently trading near the lows of this range.
RLAY has an average volume of 2614370 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 562 other stocks in this industry, RLAY did better than 41% of them.
Considerably lower volume is observed in the last couple of days.
RLAY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.91, a Stop Loss order could be placed below this zone.
More info and screens
2.73
5.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.88 to 2.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.76 to 2.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @2.94 from a trend line in the daily time frame.
- A resistance zone ranging from 3.03 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.26 from a horizontal line in the weekly time frame.
- Resistance @3.34 from a horizontal line in the daily time frame.
- Resistance @5.14 from a trend 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 | 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 | 8.62 | NEGATIVE | RLAY has a low relative strength, it was outperformed by 91.38% 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) | DOWN | MIXED | The current price of RLAY is above a declining 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) | 48.71 | NEUTRAL | The RSI value for RLAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RLAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.95 | NEUTRAL | The Stochastics value for RLAY is a neutral value. |
| Average True Range in percent/ATR (20) | 9.01 | HIGH VOLATILITY | The high ATR as a percentage value for RLAY suggests high volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for RLAY suggests a weak or negative 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)
2.91
+0.06 (+2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.28%
1 Week3.56%
2 Weeks-3%
1 Month-9.06%
3 Month-25.77%
6 Month-38.74%
12 Month-57.33%
2 Year-73.88%
3 Year-82.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%9.01%
ATR Inc-30.65%
Range Today0.19
ADR(20)0.26
ADR(20)%8.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.62
Mansfield-4.61
10 Day High3.28
10 Day Low2.67
20 Day High3.48
20 Day Low2.67
52 Week High10.72
52 Week Low1.77
CS1 End2.91
CR1 Start2.94
Volume & EV
DER(3)-0.6%
DER(5)-1.09%
Volume939.00K
Volume Incr-39.97%
Vol(5)1.51M
Vol(50)2.61M