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Stock Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Reliance Steel & Aluminum Co. (DE) (NYSE:RS)

Long-Term Downtrend (-90) - RS is in a strong downtrend that is likely to continue. While RS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RS?

MarketClub looks at technical strength and momentum to determine if the timing is right for RS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_RS
Open High Low RS Price Change
266.89 269.00 266.62 268.83 +1.20
Entry Signal

MarketClub’s Trade Triangles for RS

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 259.45

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2023 at 265.70

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 270.02

Smart Scan Analysis for RS

Based on our trend formula, RS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
266.89 269.00 266.62 268.83 +1.20
Prev. Close Volume Bid Ask Time
267.63 13993 2023-12-08 10:21:02
Year High97.41Year High Date2018-05-31
Year Low74.65Year Low Date2018-10-29
52wk High295.9852wk High Date2023-08-01
52wk Low196.1152wk Low Date2022-12-15
Year End Close62.1Average Volume263,869
Shares Outstanding57,471Short Interest994,560
% Institutional79.7Market Cap6,888M
Assets104,929,000MLiabilities276,860,000M
P/E Ratio11.2214Beta1.83
Volatility28.29
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