Reliance Steel & Aluminum Stock Forecast

Buy or Hold candidate since Apr 17, 2026 Gain 18.50%

The Reliance Steel & Aluminum Co stock price fell by -4.93% on the last day (Friday, 26th Jun 2026) from $405.78 to $385.78. During the last trading day the stock fluctuated 5.81% from a day low at $383.54 to a day high of $405.84. The price has fallen in 6 of the last 10 days and is down by -6.01% for this period. Volume has increased on the last day by 116 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 347 thousand shares were bought and sold for approximately $133.76 million.

Given the current short-term trend, the stock is expected to rise 32.88% during the next 3 months and, with a 90% probability hold a price between $512.61 and $569.82 at the end of this 3-month period.

RS Signals & Forecast

A sell signal was issued from a pivot top point on Friday, June 12, 2026, and so far it has fallen -6.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Reliance Steel & Aluminum Co stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $398.75. On a fall, the stock will find some support from the long-term average at approximately $385.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Reliance Steel & Aluminum Co stock

On the downside, the stock finds support just below today's level from accumulated volume at $362.42 and $350.87. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Reliance Steel & Aluminum Co finds support just below today's level at $362.42. If this is broken, then the next support from accumulated volume will be at $350.87 and $344.55.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $22.30 (5.81%) between high and low. For the last week, the stock has had daily average volatility of 3.37%.

Our recommended stop-loss: $368.22 (-4.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (RS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Reliance Steel & Aluminum Co to open at $391.72, and during the day (based on 14 day Average True Range), to move between $379.97 and $391.59, which gives a possible trading interval of +/-$11.62 (+/-3.06%) up or down from last closing price. If Reliance Steel & Aluminum Co takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $396.34 (2.74%) than the support at $362.42 (6.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Reliance Steel & Aluminum Co stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.776 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 29, 2026 - $391.72 ( 1.54%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk