Firstly, as of today (2019-07-15) we’ve determined the following resources to be extremely useful for Reliance Steel & Aluminum Co. investors – we recommend taking a look. Take your time with the following:
Beat The Market Analyzer: https://logistics-business-review.com/recommended-tool-for-RS-investors (this is a fantastic tool – use this to analyze Reliance Steel & Aluminum Co. in much more depth)
MM Publishing: https://logistics-business-review.com/mmpublishing-for-RS-investors
Trading Code: https://logistics-business-review.com/tradingcode-for-RS-investors
Trader HR: https://logistics-business-review.com/traderHR-for-RS-investors
REPORTING FOR 2019-07-15 | LOGISTICS-BUSINESS-REVIEW.COM: We have conducted a deep analysis of how Reliance Steel & Aluminum Co. ($RS) has been trading over the last 2 weeks and the past day especially. On its latest session, Reliance Steel & Aluminum Co. ($RS) opened at 91.22, reaching a high of 91.9725 and a low of 90.92 before closing at a price of 91.84. There was a total volume of 1193488.
VOLUME INDICATORS: We saw an accumulation-distribution index of 991.69836, an on-balance volume of -90.81, chaikin money flow of 1.79734 and a force index of -0.1566. There was an ease of movement rating of 0.00065, a volume-price trend of 2.1983 and a negative volume index of 1000.0.
VOLATILITY: We noted an average true range of 1.02795, bolinger bands of 91.43269, an upper bollinger band of 89.84651, lower bollinger band of 90.92, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 91.37083, high band keltner channel of 90.61833, low band keltner channel of 92.12333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 90.92, a donchian channel low band of 90.92, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.01258, a MACD signal of -0.00699, a MACD difference of -0.00559, a fast Exponential Moving Average (EMA) indicator of 90.92, a slow Exponential Moving Average (EMA) indicator of 90.92, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.1012, a trix of 1.78901, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -2.14902, a KST Oscillator (KST) of 24.20856 and a KST Oscillator (KST Signal) of 24.20856 (leaving a KST difference of -1.57934). We also found an Ichimoku rating of 91.59625, an Ichimoku B rating of 91.59625, a Ichimoku visual trend A of 90.21222, an Ichimoku visual trend B of 90.41364, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 87.75019, a stochastic oscillator of 139.86711, a stochastic oscillator signal of 139.86711, a Williams %R rating of 39.86711 and an awesome oscillator of 0.20921.
RETURNS: There was a daily return of 2.42086, a daily log return of -0.61872 and a cumulative return of -0.61681.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-15 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Reliance Steel & Aluminum Co. ($RS)…
For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on Reliance Steel & Aluminum Co., we strongly advise Reliance Steel & Aluminum Co. investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like Reliance Steel & Aluminum Co. – without this you are trading blind:
We will of course continue to cover the news and price action of Reliance Steel & Aluminum Co., but it’s easiest for you to just subscribe to MarketBeat’s newsletter above so you don’t miss anything.
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Reliance Steel & Aluminum Co. ($RS) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.
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