RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RLAY
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Relay Therapeutics Inc. stock price ended at $8.30 on Thursday, after gaining 1.72%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 11, 2024 Loss -12.63% PDF

The Relay Therapeutics Inc. stock price gained 1.72% on the last trading day (Thursday, 28th Mar 2024), rising from $8.16 to $8.30. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.51% from a day low at $7.99 to a day high of $8.43. The price has risen in 6 of the last 10 days and is up by 1.59% over the past 2 weeks. Volume fell on the last day by -339 thousand shares and in total, 649 thousand shares were bought and sold for approximately $5.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.81% during the next 3 months and, with a 90% probability hold a price between $5.41 and $7.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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RLAY Signals & Forecast

There are mixed signals in the stock today. The Relay Therapeutics Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.31. On a fall, the stock will find some support from the short-term average at $7.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 10.67%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Relay Therapeutics Inc. stock

Relay Therapeutics Inc. finds support from accumulated volume at $7.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.440 between high and low, or 5.51%. For the last week, the stock has had daily average volatility of 5.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RLAY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Relay Therapeutics Inc. to open at $8.24, and during the day (based on 14 day Average True Range), to move between $7.77 and $8.83, which gives a possible trading interval of +/-$0.535 (+/-6.44%) up or down from last closing price. If Relay Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 12.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.99 (3.73%) than the resistance at $9.89 (19.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Relay Therapeutics Inc. stock A Buy?

Relay Therapeutics Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.563 Sell Candidate Unchanged

Predicted Opening Price for Relay Therapeutics Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.24 ( 0.723%) $8.30

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RLAY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.68 4.58 %
R2 8.51 2.55 %
R1 8.41 1.30 %
Current price: 8.30
Support S1 8.07 -2.75 %
S2 7.97 -4.00 %
S3 7.80 -6.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.22 23.13 %
R2 10.00 20.48 %
R1 9.89 19.16 %
Current price 8.30
Support S1 7.99 -3.73%
S2 7.95 -4.22%
S3 7.79 -6.14%

FAQ

What is the symbol for Relay Therapeutics Inc. Stock and on which exchange is it traded?
The symbol for Relay Therapeutics Inc. is RLAY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Relay Therapeutics Inc. Stock?
Relay Therapeutics Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Relay Therapeutics Inc. Stock?
Relay Therapeutics Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Relay Therapeutics Inc. Stock.

What's the current price of Relay Therapeutics Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Relay Therapeutics Inc. (RLAY) share was $8.30.

What is the 52-week high and low for Relay Therapeutics Inc. Stock?
The 52-week high for Relay Therapeutics Inc. Stock is $19.23 and the 52-week low is $5.95.

What is the market capitalization of Relay Therapeutics Inc. Stock?
As of the 2024-03-28, the market capitalization of Relay Therapeutics Inc. is 1.07B.

When is the next earnings date for Relay Therapeutics Inc.?
The upcoming earnings date for Relay Therapeutics Inc. is May 02, 2024.
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About Relay Therapeutics Inc.

Relay Therapeutics. Relay Therapeutics, Inc. operates as a clinical-stage precision medicines company. It engages in transforming the drug discovery process with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company's lead product candidates include RLY-4008, an oral small molecule inhibitor of fibroblast growth factor receptor 2 (FGFR2), which is in a first-in-human clinical trial for pa... RLAY Profile

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