RELIANCE INC (RS) Stock Technical Analysis
USA - NYSE:RS - US7595091023 - Common Stock
Taking everything into account, RS scores 0 out of 10 in our technical rating. RS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, RS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 276.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 274.52, a Stop Loss order could be placed below this zone.
More info and screens
259.45
We found 2 important support areas.
- A support zone ranging from 269.23 to 274.52. 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 264.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 276.22 to 285.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @293.66 from a horizontal line in the daily time frame.
- A resistance zone ranging from 299.00 to 299.00. 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 | DOWN | NEGATIVE | The long term trend for RS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RS is neutral. |
| ChartMill Relative Strength | 26.81 | NEGATIVE | RS has a low relative strength, it was outperformed by 73.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.17 | NEUTRAL | The RSI value for RS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.71 | NEUTRAL | The Stochastics value for RS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for RS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.86 | NEUTRAL | The ADX value for RS suggests a possible start of a new trend. |
275.14
+8.2 (+3.07%)
RELIANCE INC / RS FAQ
What is the technical rating for RS stock?
ChartMill assigns a technical rating of 0 / 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 51.17. 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 -0.125709, indicating a bearish trend.