Reliance Steel Momentum Indicators Average Directional Movement Index Overview

RS -- USA Stock  

USD 91.06  1.46  1.58%

Reliance Steel momentum-indicators tool provides you with the Momentum Indicators execution environment for running Average Directional Movement Index indicator against Reliance Steel. Momentum indicators of Reliance Steel are pattern recognition functions that provide distinct formation on Reliance Steel potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.
 Time Horizon     30 Days    Login   to change
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The output start index for this execution was fifteen with a total number of output elements of two. The average directional index (ADX) measures the strength of a prevailing trend of Reliance Steel Aluminum and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Reliance Steel ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator View also all equity analysis or get more info about average directional movement index momentum indicators indicator.

Additional Technical Research

Current Sentiment - RS

Reliance Steel Aluminum Investor Sentiment
Larger part of Macroaxis users are at this time bullish on Reliance Steel Aluminum Co. What is your perspective on investing in Reliance Steel Aluminum Co? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Current Thematic Trending

Purchased few shares
Active a day ago
Purchased few shares
Active a day ago
Purchased few shares
Active a day ago
Sold one share
Active a day ago
Purchased over 90 shares
Active a day ago
Purchased over 90 shares
Active a day ago
Additionally take a look at Your Equity Center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.