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Reliance Steel & Aluminium Co. | RS

Daily Technical Analysis of Reliance Steel & Aluminium Co.

Reliance Steel & Aluminium Co. is up a bit on the day, funds flowing in kept the price up 1.46% since yesterday.

Currently RS isn't at a clear support/resistance line that seems tradable. Reliance Steel & Aluminium Co. hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. RS might find some support at the 280.59 level, buyers might push the price back up from here. But it's not very clear what will happen.


Last analyzed on 2024-11-13

Analyst Ratings for Reliance Steel & Aluminium Co. By Price Target And Rating

The analysts are pretty neutral on Reliance Steel & Aluminium Co. right now, so not much useful information here. The current Analysts Sentiment Score is 1.68. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. BMO Capital Markets provided a price target boost of 20.34% to $355.00 from $295.00 on 2024-02-20. KeyCorp provided a price target boost of 20.67% to $362.00 from $300.00 on 2024-02-16. On 2023-04-28 there was a downgrade announced by Wolfe Research from Outperform to Peer Perform. On 2023-03-10 The Goldman Sachs Group increased their price target by 10.2% to $270.00.

Company Ratings Score ?
Composite analyst sentiment score
Positive Ratings Negative Ratings Boost Price Target Lower Price Target
RS1.680-0.453.80

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-28)
Company YOY Growth Score (typical -20 to +20) Revision Directions (-6 to +6)
RS0.000.00

Short interest for Reliance Steel & Aluminium Co.

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company Short Score (typical 1-15) ?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
Short Interest Days to Cover Rate of Change Shares Short
RS2.27%1.531.914849800

How Reliance Steel & Aluminium Co. compares to the broader Basic Materials sector and the more specific Steel industry

Segment Count 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Analysts Ratings ?
Steel

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
100.971.232.692.95-5.1314.0252.000.60-4.552.05-17158.43-8691.280.000.002.411.74
Basic Materials

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
1280.400.641.886.892.1823.3251.6213.226.8611.19-11593.11-12597.9710.9410.743.782.13

Social Sentiment for Reliance Steel & Aluminium Co.

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker Social Sentiment(1-10)
RS

Companies with the highest correlation to Reliance Steel & Aluminium Co.

Company Score 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Score
STLD | Steel Dynamics Inc1.472.714.5210.5122.047.8427.855615.8811.8817.90-1364.61-25129.56003.71025
CMC | Commercial Metals Company1.35-0.020.6114.8911.966.9335.49697.828.1110.80-693.05-16470.09003.62381
WOR | WORTHINGTON INDUSTRIES, I1.340.26-5.230.03-14.41-31.37-41.6358-70.84-59.31-67.78-41029.13-1123.50000.954193
NUE | Nucor Corporation1.232.411.224.830.09-13.62-6.1053-2.93-12.21-14.12-10980.17-1931.38002.98242
ZEUS | Olympic Steel, Inc.1.043.374.039.971.25-23.34-25.8463-53.84-45.84-46.28173.05-3114.80003.50944
CBT | Cabot Corporation1.03-0.53-1.80-2.884.006.3337.8651106.4351.3571.58-1336.60-26749.05001.94075

Top 3 correlating companies

See full charts for all peers

Sentiment Score

How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.

Earnings Estimates
Analyst Rating
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Short Interest
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Overall Summary Notes
Calculated Sentiment Sum

Score Sum
(1-45)

/

Average
(1-5)

+

Pattern Rank
(1-5)

=

Total Score
(1-10)

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