RELAY THERAPEUTICS INC (RLAY) Stock Technical Analysis
NASDAQ:RLAY - Nasdaq - US75943R1023 - Common Stock - Currency: USD
Taking everything into account, RLAY scores 5 out of 10 in our technical rating. In the past year, RLAY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, RLAY is a bad performer in the overall market: 88% 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.
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.
RLAY has an average volume of 1790460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RLAY is an average performer in the Biotechnology industry, it outperforms 45% of 558 stocks in the same industry.
In the last month RLAY has a been trading in the 2.98 - 3.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RLAY has only a medium 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 a support zone below the current price at 3.49, a Stop Loss order could be placed below this zone.
More info and screens
3.02
4.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.44 to 3.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.29 to 3.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.05 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.61 to 3.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.74 from a trend line in the daily time frame.
- Resistance @3.82 from a horizontal line in the daily time frame.
- Resistance @4.44 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 | NEUTRAL | NEUTRAL | The long term trend for RLAY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLAY is up. |
| ChartMill Relative Strength | 12.53 | NEGATIVE | RLAY has a low relative strength, it was outperformed by 87.47% 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) | DOWN | NEGATIVE | The current price of RLAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.07 | 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) | 59.65 | NEUTRAL | The Stochastics value for RLAY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for RLAY suggests high volalility. |
| Average Directional Index/ADX (14) | 29.12 | POSITIVE | The high ADX value value for RLAY 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)
3.5
-0.06 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.69%
1 Week-2.51%
2 Weeks1.16%
1 Month8.7%
3 Month30.11%
6 Month-21.52%
12 Month-59.3%
2 Year-72.22%
3 Year-81.6%
5 Year-90.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%5.97%
ATR Inc-14.33%
Range Today0.14
ADR(20)0.21
ADR(20)%5.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.53
Mansfield-3.07
10 Day High3.86
10 Day Low3.33
20 Day High3.86
20 Day Low2.98
52 Week High10.72
52 Week Low1.77
CS1 End3.49
CR1 Start3.61
Volume & EV
DER(3)-6.69%
DER(5)-5.83%
Volume2.27M
Volume Incr-5.17%
Vol(5)1.47M
Vol(50)1.79M