RELIANCE INC (RS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RS - US7595091023 - Common Stock
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.
Although RS has an excellent technical rating, it does not offer a high quality setup 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 4 important areas.
- A support zone ranging from 290.29 to 296.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 283.43 to 284.19. 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 271.85 to 272.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 262.07 to 267.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 336.22 to 343.67. 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 | 72.04 | POSITIVE | RS has a high relative strength, it outperformed 72.04% off all stocks 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) | 70.38 | OVERBOUGHT | The high RSI value suggests RS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests RS has a positive trend. |
| Stochastics (14,3) | 86.88 | OVERBOUGHT | The high Stochastics value suggests RS may be overbought. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for RS suggests low volalility. |
| Average Directional Index/ADX (14) | 22.56 | NEUTRAL | The ADX value for RS suggests a possible start of a new trend. |
NYSE:RS (1/9/2026, 11:33:34 AM)
309.49
+1.63 (+0.53%)
RELIANCE INC / RS FAQ
What is the technical rating for RS stock?
ChartMill assigns a technical rating of 8 / 10 to RS.
What is the current trend direction of RELIANCE INC (RS) stock?
The current trend direction for RELIANCE INC (RS) is Bullish.
What is the RSI signal for RS stock?
RELIANCE INC (RS) has an RSI value of 70.3788. This indicates that the stock is currently overbought.
What is the buy/sell signal for RELIANCE INC (RS) stock?
The buy/sell signal for RELIANCE INC (RS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for RELIANCE INC?
RELIANCE INC (RS) has a support level at 296.56 and a resistance level at 336.22. Check the full technical report for our detailed analysis of RS support and resistance levels.