RLYB Technical Analysis - RALLYBIO CORP

Technical Rating and Analysis

Taking everything into account, RLYB scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, RLYB has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

RLYB is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 541 stocks in the same industry.

In the last month RLYB has a been trading in the 0.49 - 0.65 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

When comparing the yearly performance of all stocks, we notice that RLYB is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

RLYB has an excellent technical rating, but the quality of the setup is only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.39

0.64

When analyzing the support we can see 3 important areas.

Support @0.58 from a trend line in the daily time frame.
A support zone ranging from 0.53 to 0.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.39 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @0.61 from a trend line in the daily time frame.
A resistance zone ranging from 0.63 to 0.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	80.17	POSITIVE	RLYB has a high relative strength, it outperformed 80.17% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of RLYB is above a declining 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	NEGATIVE	The current price of RLYB is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.15	NEUTRAL	The RSI value for RLYB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests RLYB has a negative trend.
Stochastics (14,3)	68.26	NEUTRAL	The Stochastics value for RLYB is a neutral value.
Average True Range in percent/ATR (20)	6.74	HIGH VOLATILITY	The high ATR as a percentage value for RLYB suggests high volalility.
Average Directional Index/ADX (14)	16.66	NEGATIVE	The low ADX value for RLYB suggests a weak or negative trend.