RELIANCE INC (RS) Stock Technical Analysis
NYSE:RS - New York Stock Exchange, Inc. - US7595091023 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RS. RS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RS has a been trading in the 268.35 - 300.80 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that RS is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
RS is an average performer in the Metals & Mining industry, it outperforms 51% of 153 stocks in the same industry.
RS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, RS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 291.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
259.45
311.61
We found 2 important support areas.
- A support zone ranging from 284.02 to 291.92. 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 266.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @296.54 from a horizontal line in the daily time frame.
- Resistance @302.66 from a horizontal line in the daily time frame.
- Resistance @308.52 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.48
Mansfield0.27
10 Day High300.8
10 Day Low280.68
20 Day High300.8
20 Day Low268.35
52 Week High326.87
52 Week Low250.07
Performance
1 Week1.91%
2 Weeks3.75%
1 Month5.56%
3 Month4.53%
6 Month-7.73%
12 Month0.92%
2 Year26.07%
3 Year52.19%
5 Year205%
10 Year363.72%
15 Year544.41%
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)
Technical Indicators
MACD(12,26,9)1.73
RSI(14)61.18
LBB274.26
UBB302.81
295.85
-1.44 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.48%
1 Week1.91%
2 Weeks3.75%
1 Month5.56%
3 Month4.53%
6 Month-7.73%
12 Month0.92%
2 Year26.07%
3 Year52.19%
5 Year205%
10 Year363.72%
15 Year544.41%
Volatility
ATR(14)7.32
ATR(20)%2.63%
ATR Inc-35.43%
Range Today5.54
ADR(20)7.55
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.48
Mansfield0.27
10 Day High300.8
10 Day Low280.68
20 Day High300.8
20 Day Low268.35
52 Week High326.87
52 Week Low250.07
CS1 End291.92
CR1 Start296.54
Volume & EV
DER(3)-0.26%
DER(5)0.06%
Volume228.53K
Volume Incr-34.87%
Vol(5)249.60K
Vol(50)427.75K