RLI CORP (RLI) Stock Technical Analysis
NYSE:RLI • US7496071074
Overall RLI gets a technical rating of 3 out of 10. In the past year, RLI 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, RLI is a bad performer in the overall market: 77% of all stocks are doing better.
- RLI is one of the lesser performing stocks in the Insurance industry. 62% of 149 stocks in the same industry do better.
- RLI 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.
- In the last month RLI has a been trading in the 55.80 - 63.61 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RLI has a poor technical rating and the quality of the setup is also only medium 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
56.39
We found 2 important support areas.
- A support zone ranging from 60.93 to 62.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.96 to 56.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @63.83 from a trend line in the daily time frame.
- A resistance zone ranging from 65.22 to 66.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @68.02 from a horizontal line in the daily 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 RLI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLI is up. |
| ChartMill Relative Strength | 23.45 | NEGATIVE | RLI has a low relative strength, it was outperformed by 76.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLI is above the rising 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) | 57.75 | NEUTRAL | The RSI value for RLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests RLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.52 | OVERBOUGHT | The high Stochastics value suggests RLI may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for RLI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.92 | NEUTRAL | The ADX value for RLI suggests a possible start of a new trend. |
62.43
-0.59 (-0.94%)
RLI CORP / RLI FAQ
Can you provide the ChartMill technical rating for RLI CORP?
ChartMill assigns a technical rating of 3 / 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 57.7485. 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 positive.
What is the buy/sell signal for RLI CORP (RLI) stock?
The buy/sell signal for RLI CORP (RLI) is hold as the short term and long term trends are mixed.