RLI CORP (RLI) Stock Technical Analysis
NYSE:RLI - US7496071074 - Common Stock
67.76 USD
+0.59 (+0.88%)
67.76 USD
0 (0%)
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.
85% of all other stocks performed better in the past year than RLI.
RLI is part of the Insurance industry. There are 146 other stocks in this industry, of which 78% 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 a tight range between 65.94 and 69.19.
Although the technical rating is bad, RLI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
64.49
77.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 67.43 to 67.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 65.14 to 65.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 67.83 to 70.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.66 from a horizontal line in the daily time frame.
- A resistance zone ranging from 76.87 to 77.11. 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 | 15.4 | NEGATIVE | RLI has a low relative strength, it was outperformed by 84.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RLI is above 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) | 44.53 | NEUTRAL | The RSI value for RLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests RLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.93 | NEUTRAL | The Stochastics value for RLI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for RLI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.55 | NEGATIVE | The low ADX value for RLI suggests a weak or negative 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)
67.76
+0.59 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.88%
1 Week-0.47%
2 Weeks-0.99%
1 Month-0.01%
3 Month-11.54%
6 Month-11.48%
12 Month-11.26%
2 Year-1.14%
3 Year31.22%
5 Year60.44%
10 Year150.96%
15 Year374.53%
Volatility
ATR(14)0.91
ATR(20)%1.39%
ATR Inc-16.66%
Range Today0.77
ADR(20)0.91
ADR(20)%1.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.4
Mansfield-1.92
10 Day High69.19
10 Day Low66.8
20 Day High69.19
20 Day Low65.94
52 Week High91.15
52 Week Low65.14
CS1 End65.89
CR1 Start67.43
Volume & EV
DER(3)0.5%
DER(5)-1.1%
Volume496.27K
Volume Incr-8.57%
Vol(5)484.98K
Vol(50)641.54K