RALLYBIO CORP (RLYB) Stock Technical Analysis
USA - NASDAQ:RLYB - US75120L1008 - Common Stock
Taking everything into account, RLYB scores 7 out of 10 in our technical rating. Although RLYB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, RLYB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.70. Right above this resistance zone may be a good entry point.
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0.50
We found 5 important support areas.
- A support zone ranging from 0.63 to 0.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.58 to 0.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.57 from a trend line in the weekly time frame.
- Support @0.53 from a trend line in the daily time frame.
- Support @0.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.70 to 0.71. 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 | UP | POSITIVE | The long term trend for RLYB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLYB is up. |
| ChartMill Relative Strength | 18.36 | NEGATIVE | RLYB has a low relative strength, it was outperformed by 81.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLYB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLYB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RLYB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.81 | NEUTRAL | The RSI value for RLYB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RLYB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.86 | NEUTRAL | The Stochastics value for RLYB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.87 | HIGH VOLATILITY | The high ATR as a percentage value for RLYB suggests high volalility. |
| Average Directional Index/ADX (14) | 30.48 | POSITIVE | The high ADX value value for RLYB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.66 | 0.62 | 0.04 (6.57%) | 15.21% |
| An entry @0.66. This is a Buy Stop order right above the 10 day moving average. | An exit @0.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.04 points, which is 6.57%. | For a 1.00% total portfolio risk, you can invest 15.21% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RLYB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.6402
-0.02 (-2.41%)
RALLYBIO CORP / RLYB FAQ
What is the technical rating for RLYB stock?
ChartMill assigns a technical rating of 7 / 10 to RLYB.
What is the current trend direction of RALLYBIO CORP (RLYB) stock?
The current trend direction for RALLYBIO CORP (RLYB) is Bullish.
What is the RSI signal for RLYB stock?
RALLYBIO CORP (RLYB) has an RSI value of 52.8096. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RALLYBIO CORP?
The short term momentum for RALLYBIO CORP (RLYB) is positive.
What is the support and resistance level for RLYB stock?
RALLYBIO CORP (RLYB) has a support level at 0.63 and a resistance level at 0.7. Check the full technical report for our detailed analysis of RLYB support and resistance levels.