Reliance Steel & Aluminum Co. (RS) Went Up 0.2%, And Here’s Why

In its latest trading session, Reliance Steel & Aluminum Co. (RS) spiked up by 0.2% – here is what that looked like (as of 2019-11-08):

What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.263, an Accumulation/Distribution Index (ADI) of 1.263, an On-Balance Volume (OBV) of 1264.346, and a Chaiikin Money Flow (CMF) of -117.2. 6.574

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

So there you have it – our analysis of Reliance Steel & Aluminum Co. (RS). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen