RLI CORP (RLI) Stock Technical Analysis
NYSE:RLI - New York Stock Exchange, Inc. - US7496071074 - Common Stock - Currency: USD
Taking everything into account, RLI scores 0 out of 10 in our technical rating. RLI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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, RLI is a bad performer in the overall market: 74% of all stocks are doing better.
RLI is part of the Insurance industry. There are 144 other stocks in this industry, of which 69% are performing better than RLI.
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 70.90 - 77.24 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.
Although the technical rating is bad, RLI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 71.31, a Stop Loss order could be placed below this zone.
More info and screens
70.56
81.63
When analyzing the support we notice one important area.
- A support zone ranging from 71.27 to 71.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 71.75 to 75.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 77.65 to 78.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 79.98 to 80.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 26.93 | NEGATIVE | RLI has a low relative strength, it was outperformed by 73.07% 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) | 39.19 | NEUTRAL | The RSI value for RLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests RLI has a negative trend. |
| Stochastics (14,3) | 7.93 | OVERSOLD | The low Stochastics value suggests RLI may be oversold. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for RLI suggests low volalility. |
| Average Directional Index/ADX (14) | 22.52 | NEUTRAL | The ADX value for RLI suggests a possible start of a new 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)
71.32
-0.46 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.64%
1 Week-1.19%
2 Weeks-4.14%
1 Month-6.53%
3 Month-10.83%
6 Month-14.02%
12 Month1.39%
2 Year4.52%
3 Year22.34%
5 Year73.74%
10 Year177.56%
15 Year443.29%
Volatility
ATR(14)1.39
ATR(20)%1.94%
ATR Inc-28.21%
Range Today1.15
ADR(20)1.35
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.93
Mansfield-1.36
10 Day High74.17
10 Day Low70.9
20 Day High77.24
20 Day Low70.9
52 Week High91.15
52 Week Low68.5
CS1 End71.31
CR1 Start71.75
Volume & EV
DER(3)1.76%
DER(5)2.92%
Volume1.48M
Volume Incr60.57%
Vol(5)638.06K
Vol(50)408.83K