RLI CORP (RLI) Technical Analysis
NYSE:RLI • US7496071074
Current stock price
51.5 USD
-0.27 (-0.52%)
At close:
51.56 USD
+0.06 (+0.12%)
Pre-Market:
RLI Technical Rating and Analysis
Overall RLI gets a technical rating of 0 out of 10. RLI 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.
- 87% of all other stocks performed better in the past year than RLI.
- RLI is part of the Insurance industry. There are 148 other stocks in this industry, of which 74% are performing better than RLI.
- RLI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month RLI has a been trading in the 50.63 - 59.77 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
RLI Weekly and Daily overview Charts
RLI Setup Rating and Analysis
The technical rating of RLI is bad and it also does not present a quality setup 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
RLI Support and Resistance Analysis
50.99
66.55
We can see 4 important resistance areas.
- A resistance zone ranging from 57.66 to 59.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.45 from a trend line in the daily time frame.
- Resistance @63.02 from a horizontal line in the daily time frame.
- A resistance zone ranging from 65.22 to 65.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
RLI Technical Indicator Signal Analysis
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 RLI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RLI is down. |
| ChartMill Relative Strength | 13.17 | NEGATIVE | RLI has a low relative strength, it was outperformed by 86.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RLI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RLI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RLI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.42 | OVERSOLD | The low RSI value suggests RLI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests RLI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.34 | OVERSOLD | The low Stochastics value suggests RLI may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for RLI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.81 | POSITIVE | The high ADX value value for RLI suggests a strong trend. |
RLI Chart- and CandleStick Pattern Analysis
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)
RLI Technicals: Chart, Performance Metrics, Trend & Indicators
51.5
-0.27 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.52%
1 Week-2.48%
2 Weeks-12.74%
1 Month-11.42%
3 Month-11.86%
6 Month-12.65%
12 Month-30.97%
2 Year-29.44%
3 Year-16.83%
5 Year-2.35%
10 Year55.8%
15 Year241.91%
Volatility
ATR(14)1.43
ATR(20)%2.66%
ATR Inc-31.39%
Range Today0.84
ADR(20)1.3
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.17
3 months CRS19.26
6 months CRS24.11
Mansfield-2.78
10 Day High59.5
10 Day Low50.63
20 Day High59.77
20 Day Low50.63
52 Week High77.24
52 Week Low50.63
CS1 EndN/A
CR1 Start57.66
Volume & EV
DER(3)-2.29%
DER(5)-2.51%
Volume1.14M
Volume Incr50.33%
Vol(5)1.01M
Vol(50)717.98K
RLI CORP / RLI TA FAQ
Can you provide the ChartMill technical rating for RLI CORP?
ChartMill assigns a technical rating of 0 / 10 to RLI.
What is the current trend direction of RLI CORP (RLI) stock?
The current trend direction for RLI CORP (RLI) is Bearish.
Can you provide the RSI signal for RLI CORP?
RLI CORP (RLI) has an RSI value of 29.4228. This indicates that the stock is currently oversold.
What is the MACD signal for RLI CORP (RLI) stock?
The MACD indicator for RLI CORP (RLI) has a value of -0.593074, indicating a bearish trend.
Can you provide the short term momentum for RLI CORP?
The short term momentum for RLI CORP (RLI) is negative.