Reliance Steel Aluminum Stock Technical Analysis
RS Stock | USD 319.49 0.67 0.21% |
As of the 19th of April, Reliance Steel holds the Risk Adjusted Performance of 0.0824, semi deviation of 0.8522, and Coefficient Of Variation of 817.39. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Reliance Steel, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Reliance Steel Aluminum, which can be compared to its competitors. Please check Reliance Steel Aluminum standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Reliance Steel Aluminum is priced some-what accurately, providing market reflects its current price of 319.49 per share. Given that Reliance Steel has jensen alpha of 0.1228, we recommend you to check out Reliance Steel Aluminum's recent market performance to make sure the company can sustain itself at a future point.
Reliance Steel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Reliance, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RelianceReliance |
Reliance Steel Analyst Consensus
Target Price | Advice | # of Analysts | |
293.0 | Buy | 7 | Odds |
Most Reliance analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Reliance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Reliance Steel Aluminum, talking to its executives and customers, or listening to Reliance conference calls.
Reliance Steel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Reliance Steel Aluminum Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Reliance Steel Aluminum volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Reliance Steel Aluminum Trend Analysis
Use this graph to draw trend lines for Reliance Steel Aluminum. You can use it to identify possible trend reversals for Reliance Steel as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Reliance Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Reliance Steel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Reliance Steel Aluminum applied against its price change over selected period. The best fit line has a slop of 0.82 , which suggests that Reliance Steel Aluminum will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 25523.21, which is the sum of squared deviations for the predicted Reliance Steel price change compared to its average price change.About Reliance Steel Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Reliance Steel Aluminum on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Reliance Steel Aluminum based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Reliance Steel Aluminum price pattern first instead of the macroeconomic environment surrounding Reliance Steel Aluminum. By analyzing Reliance Steel's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Reliance Steel's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Reliance Steel specific price patterns or momentum indicators. Please read more on our technical analysis page.
2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0177 | 0.0146 | 0.0105 | Price To Sales Ratio | 0.72 | 1.1 | 1.16 |
Reliance Steel April 19, 2024 Technical Indicators
Most technical analysis of Reliance help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Reliance from various momentum indicators to cycle indicators. When you analyze Reliance charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0824 | |||
Market Risk Adjusted Performance | 0.1404 | |||
Mean Deviation | 1.05 | |||
Semi Deviation | 0.8522 | |||
Downside Deviation | 1.04 | |||
Coefficient Of Variation | 817.39 | |||
Standard Deviation | 1.91 | |||
Variance | 3.63 | |||
Information Ratio | 0.0863 | |||
Jensen Alpha | 0.1228 | |||
Total Risk Alpha | 0.0425 | |||
Sortino Ratio | 0.1584 | |||
Treynor Ratio | 0.1304 | |||
Maximum Drawdown | 15.51 | |||
Value At Risk | (1.78) | |||
Potential Upside | 1.93 | |||
Downside Variance | 1.08 | |||
Semi Variance | 0.7263 | |||
Expected Short fall | (1.37) | |||
Skewness | 4.39 | |||
Kurtosis | 29.17 |
Reliance Steel April 19, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Reliance stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 5,432 | ||
Daily Balance Of Power | (0.09) | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 318.91 | ||
Day Typical Price | 319.11 | ||
Price Action Indicator | 0.24 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 4 | Earnings Share 22.64 | Revenue Per Share 253.839 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.