RLI CORP (RLI) Technical Analysis
NYSE:RLI • US7496071074
Current stock price
56.32 USD
-0.98 (-1.71%)
At close:
56.32 USD
0 (0%)
After Hours:
RLI Technical Rating and Analysis
Taking everything into account, RLI scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, RLI is a bad performer in the overall market: 84% of all stocks are doing better.
- RLI is part of the Insurance industry. There are 148 other stocks in this industry, of which 72% are performing better than RLI.
- RLI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RLI is lagging the market.
- In the last month RLI has a been trading in the 56.31 - 63.50 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed 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
55.75
66.55
When analyzing the support we notice one important area.
- A support zone ranging from 56.31 to 56.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 59.95 to 60.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 62.33 to 63.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 16.85 | NEGATIVE | RLI has a low relative strength, it was outperformed by 83.15% 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) | 31.14 | NEUTRAL | The RSI value for RLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests RLI has a negative trend. |
| Stochastics (14,3) | 2.16 | OVERSOLD | The low Stochastics value suggests RLI may be oversold. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for RLI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for RLI suggests a possible start of a new 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
56.32
-0.98 (-1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.71%
1 Week-2.83%
2 Weeks-8.91%
1 Month-9.63%
3 Month-12.97%
6 Month-13.42%
12 Month-29.58%
2 Year-24.13%
3 Year-15.25%
5 Year0.96%
10 Year68.47%
15 Year290.77%
Volatility
ATR(14)1.44
ATR(20)%2.62%
ATR Inc-33.8%
Range Today1.14
ADR(20)1.47
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.85
3 months CRS28.58
6 months CRS29.34
Mansfield-1.52
10 Day High62.66
10 Day Low56.31
20 Day High63.5
20 Day Low56.31
52 Week High81.79
52 Week Low55.8
CS1 End56.31
CR1 Start59.95
Volume & EV
DER(3)-1.99%
DER(5)-1.97%
Volume490.60K
Volume Incr-29.38%
Vol(5)511.16K
Vol(50)809.06K
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.
What is the RSI signal for RLI stock?
RLI CORP (RLI) has an RSI value of 31.1444. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RLI CORP?
The short term momentum for RLI CORP (RLI) is negative.
What is the buy/sell signal for RLI CORP (RLI) stock?
The buy/sell signal for RLI CORP (RLI) is sell as both the short term and long term trends are negative.