RELIANCE INC (RS)
US7595091023 - Common Stock
We assign a technical rating of 0 out of 10 to RS. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, RS is a bad performer in the overall market: 68% of all stocks are doing better.
RS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
RS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RS is an average performer in the Metals & Mining industry, it outperforms 57% of 155 stocks in the same industry.
RS has a poor technical rating and the quality of the setup is also 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.
More info and screens
266.32
329.58
When analyzing the support we notice one important area.
- A support zone ranging from 269.01 to 271.23. 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 271.31 to 271.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @284.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 319.03 to 320.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @326.32 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.97
Mansfield-1.81
10 Day High304.04
10 Day Low256.98
20 Day High325.95
20 Day Low256.98
52 Week High342.2
52 Week Low256.98
Performance
1 Week1.05%
2 Weeks-11.42%
1 Month-15.72%
3 Month-6.33%
6 Month-5.01%
12 Month-3%
2 Year34.02%
3 Year67.24%
5 Year126.54%
10 Year342.79%
15 Year527.72%
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)-3.45
RSI(14)29.34
LBB253.03
UBB318.59
RELIANCE INC
NYSE:RS (12/26/2024, 8:04:00 PM)
Premarket: 270.8 -0.5 (-0.18%)271.3
+0.32 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.12%
1 Week1.05%
2 Weeks-11.42%
1 Month-15.72%
3 Month-6.33%
6 Month-5.01%
12 Month-3%
2 Year34.02%
3 Year67.24%
5 Year126.54%
10 Year342.79%
15 Year527.72%
Volatility
ATR(14)7.76
ATR(20)%2.63%
ATR Inc-62.18%
Range Today3.89
ADR(20)6.7
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.97
Mansfield-1.81
10 Day High304.04
10 Day Low256.98
20 Day High325.95
20 Day Low256.98
52 Week High342.2
52 Week Low256.98
CS1 End271.23
CR1 Start271.31
Volume & EV
DER(3)-2.1%
DER(5)-1.72%
Volume333.80K
Volume Incr214.74%
Vol(5)1.06M
Vol(50)405.58K