RLI Corp Technical Analysis (NYSE:RLI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the RLI Corp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the RLI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for RLI Corp. Technical analysis uses an approach for RLI Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
RLI Corp Moving Average
Moving averages help predict the price direction of RLI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $65.62 is below the price of $67.15.
RLI Corp Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RLI stock. RLI Corp bollinger bands show that the stock price is $67.15, upper band is 68.86, lower band is 62.38, and the average is 65.62.
RLI Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The RLI Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
RLI Corp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 74.78 is the RSI value of RLI stock.