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Reliance Steel & Aluminum Co.

RS•NYSE
Basic Materials
Steel
$317.11
$0.00(0.00%)
U.S. Market opens in 7h 47m

Reliance Steel & Aluminum Co. (RS) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Reliance Steel & Aluminum Co. (NYSE:RS).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

RS Technical Analysis Summary

Reliance Steel & Aluminum Co. stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 39.69)
Trend Strength:Very Strong (ADX: 40.67)
Volatility:Medium (ATR: 10.41)
Support/Resistance:$310.66 – $363.66 (Bollinger Bands)

Technical conditions suggest Reliance Steel & Aluminum Co. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 39.69

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 11.37

Bullish
Oversold zone signals rebound potential.

Williams %R: -91.98

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -8.66

Strongly Bearish
Sharp downside momentum.

Takeaway:Reliance Steel & Aluminum Co. shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.43

Bullish
Bullish, trend momentum is strengthening.

ADX: 40.67

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 10.41

Rising
Rising volatility, market activity increasing.

CCI (14): -118.87

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Reliance Steel & Aluminum Co. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$363.66
Middle Band (SMA 20)
$337.16
Lower Band
$310.66
Current Position
Within Bands

Takeaway:Reliance Steel & Aluminum Co. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$351.75
Middle Line (EMA 20)
$330.94
Lower Channel
$310.13
Squeeze Status
No Squeeze

Takeaway:Reliance Steel & Aluminum Co. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume1.69M
Money Flow Index30.22Bearish, selling pressure outweighs inflows.
Relative Vigor Index25.93Bearish, price momentum favors sellers.

Overall Takeaway:RS shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Reliance Steel & Aluminum Co., here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Reliance Steel & Aluminum Co. are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ