RELIANCE INC (RS) Stock Technical Analysis
NYSE:RS - New York Stock Exchange, Inc. - US7595091023 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to RS. Although RS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
RS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RS is lagging the market slightly.
In the last month RS has a been trading in the 286.52 - 315.25 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, RS outperforms 67% of them, which is more or less in line with the market.
RS is an average performer in the Metals & Mining industry, it outperforms 43% of 156 stocks in the same industry.
RS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 309.42, a Stop Loss order could be placed below this zone.
More info and screens
261.56
317.80
We found 4 important support areas.
- A support zone ranging from 307.14 to 309.42. 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 291.93 to 291.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @272.69 from a horizontal line in the weekly time frame.
- A support zone ranging from 264.20 to 267.79. 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 RS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RS is up. |
| ChartMill Relative Strength | 67.47 | NEUTRAL | RS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.65 | NEUTRAL | The RSI value for RS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.21 | NEUTRAL | The Stochastics value for RS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for RS suggests some volalility. |
| Average Directional Index/ADX (14) | 10.31 | NEGATIVE | The low ADX value for RS 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)
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 |
|---|---|---|---|
| 315.26 | 307.13 | 8.13 (2.58%) | 25.00% |
| An entry @315.26. This is a Buy Stop order right above the 10 day high. | An exit @307.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.13 points, which is 2.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of RS. 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.
314.65
+5.61 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.82%
1 Week1.81%
2 Weeks2.28%
1 Month6.46%
3 Month9.91%
6 Month16.65%
12 Month10.17%
2 Year15.85%
3 Year85.24%
5 Year231.46%
10 Year420.25%
15 Year770.4%
Volatility
ATR(14)6.54
ATR(20)%2.31%
ATR Inc-18.89%
Range Today6.94
ADR(20)6.89
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.47
Mansfield0.17
10 Day High315.25
10 Day Low303.95
20 Day High315.25
20 Day Low286.52
52 Week High326.87
52 Week Low250.07
CS1 End309.42
CR1 StartN/A
Volume & EV
DER(3)0.62%
DER(5)1.09%
Volume150.77K
Volume Incr15.71%
Vol(5)433.83K
Vol(50)325.62K