RELIANCE INC (RS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RS - US7595091023 - Common Stock
Taking everything into account, RS scores 5 out of 10 in our technical rating. In the past year, RS was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
RS has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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259.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 277.71 to 285.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 262.07 to 272.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 291.54 to 293.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @340.04 from a horizontal 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 RS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RS is up. |
| ChartMill Relative Strength | 43.35 | 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) | DOWN | MIXED | The current price of RS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.18 | NEUTRAL | The RSI value for RS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.44 | POSITIVE | The MACD value suggests RS has a positive trend. |
| Stochastics (14,3) | 89.61 | OVERBOUGHT | The high Stochastics value suggests RS may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for RS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.82 | POSITIVE | The high ADX value value for RS suggests a strong trend. |
291.53
+0.39 (+0.13%)
RELIANCE INC / RS FAQ
What is the technical rating for RS stock?
ChartMill assigns a technical rating of 5 / 10 to RS.
Can you provide the trend direction for RELIANCE INC?
The current trend direction for RELIANCE INC (RS) is Bearish.
What is the RSI signal for RS stock?
RELIANCE INC (RS) has an RSI value of 63.1841. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RELIANCE INC?
The MACD indicator for RELIANCE INC (RS) has a value of 1.44303, indicating a bullish trend.