RLI CORP (RLI) Stock Technical Analysis
USA - NYSE:RLI - US7496071074 - Common Stock
Overall RLI gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RLI was also a bad performer in the overall market in the last year.
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
57.84
We found 1 important support area.
- A support zone ranging from 58.42 to 58.95. 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 63.25 to 63.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @66.11 from a trend line in the weekly time frame.
- Resistance @73.97 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 | 16.73 | NEGATIVE | RLI has a low relative strength, it was outperformed by 83.27% 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) | DOWN | MIXED | The current price of RLI is above 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) | 58.58 | NEUTRAL | The RSI value for RLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests RLI has a positive trend. |
| Stochastics (14,3) | 94.66 | OVERBOUGHT | The high Stochastics value suggests RLI may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for RLI suggests low volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for RLI suggests a possible start of a new trend. |
63.24
+1.08 (+1.74%)
RLI CORP / RLI FAQ
Can you provide the ChartMill technical rating for RLI CORP?
ChartMill assigns a technical rating of 2 / 10 to RLI.
Can you provide the trend direction for RLI CORP?
The current trend direction for RLI CORP (RLI) is Bearish.
What is the RSI signal for RLI CORP (RLI) stock?
RLI CORP (RLI) has an RSI value of 58.5801. This indicates that the stock is currently neutral.
What is the short term momentum for RLI CORP (RLI) stock?
The short term momentum for RLI CORP (RLI) is positive.
What is the buy/sell signal for RLI stock?
The buy/sell signal for RLI CORP (RLI) is hold as the short term and long term trends are mixed.