Taking everything into account, RELI scores 0 out of 10 in our technical rating. RELI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
RELI has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
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0.63
When analyzing the support we notice one important area.
- A support zone ranging from 0.64 to 0.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.86 from a trend line in the daily time frame.
- Resistance @1.06 from a horizontal line in the daily 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 RELI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RELI is down. |
| ChartMill Relative Strength | 7.87 | NEGATIVE | RELI has a low relative strength, it was outperformed by 92.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RELI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RELI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RELI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.59 | NEUTRAL | The RSI value for RELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RELI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.1 | NEUTRAL | The Stochastics value for RELI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.78 | HIGH VOLATILITY | The high ATR as a percentage value for RELI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.14 | NEGATIVE | The low ADX value for RELI suggests a weak or negative trend. |
0.6628
-0.02 (-3.52%)
RELIANCE GLOBAL GROUP INC / RELI FAQ
What is the technical rating for RELI stock?
ChartMill assigns a technical rating of 0 / 10 to RELI.
What is the current trend direction of RELIANCE GLOBAL GROUP INC (RELI) stock?
The current trend direction for RELIANCE GLOBAL GROUP INC (RELI) is Bearish.
What is the RSI signal for RELI stock?
RELIANCE GLOBAL GROUP INC (RELI) has an RSI value of 40.5933. This indicates that the stock is currently neutral.
What is the MACD signal for RELIANCE GLOBAL GROUP INC (RELI) stock?
The MACD indicator for RELIANCE GLOBAL GROUP INC (RELI) has a value of 0.00621062, indicating a bearish trend.
What is the support and resistance level for RELI stock?
RELIANCE GLOBAL GROUP INC (RELI) has a support level at 0.64 and a resistance level at 0.73. Check the full technical report for our detailed analysis of RELI support and resistance levels.