Taking everything into account, RLYB scores 0 out of 10 in our technical rating. RLYB'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.
- 85% of all other stocks performed better in the past year than RLYB.
- RLYB is one of the lesser performing stocks in the Biotechnology industry. 60% of 524 stocks in the same industry do better.
- In the last month RLYB has a been trading in the 0.56 - 0.75 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- RLYB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RLYB is lagging the market.
Although the technical rating is bad, RLYB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.67. Right above this resistance zone may be a good entry point.
More info and screens
0.50
When analyzing the support we notice one important area.
- Support @0.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.67 to 0.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.74 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RLYB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RLYB is down. |
| ChartMill Relative Strength | 15.56 | NEGATIVE | RLYB has a low relative strength, it was outperformed by 84.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RLYB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RLYB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RLYB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.16 | NEUTRAL | The RSI value for RLYB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RLYB has a negative trend. |
| Stochastics (14,3) | 29.57 | NEUTRAL | The Stochastics value for RLYB is a neutral value. |
| Average True Range in percent/ATR (20) | 10.97 | HIGH VOLATILITY | The high ATR as a percentage value for RLYB suggests high volalility. |
| Average Directional Index/ADX (14) | 23.18 | NEUTRAL | The ADX value for RLYB suggests a possible start of a new trend. |
0.5752
-0.05 (-8.12%)
RALLYBIO CORP / RLYB FAQ
What is the technical rating for RLYB stock?
ChartMill assigns a technical rating of 0 / 10 to RLYB.
What is the trend direction for RLYB stock?
The current trend direction for RALLYBIO CORP (RLYB) is Bearish.
What is the RSI signal for RLYB stock?
RALLYBIO CORP (RLYB) has an RSI value of 35.1625. This indicates that the stock is currently neutral.
What is the support and resistance level for RLYB stock?
RALLYBIO CORP (RLYB) has a support level at 0.5 and a resistance level at 0.67. Check the full technical report for our detailed analysis of RLYB support and resistance levels.