RS Stock Summary and Trading Ideas (Reliance | NYSE:RS)

Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.

Reliance trades on the NYSE stock market under the symbol RS.

As of April 19, 2024, RS stock price declined to $319.49 with 200,402 million shares trading.

RS has a beta of 0.87, meaning it tends to be less sensitive to market movements. RS has a correlation of 0.28 to the broad based SPY ETF.

RS has a market cap of $18.56 billion. This is considered a Large Cap stock.

Last quarter Reliance reported $3 billion in Revenue and $4.73 earnings per share. This beat revenue expectation by $37 million and exceeded earnings estimates by $.81.

In the last 3 years, RS stock traded as high as $342.20 and as low as $135.46.

The top ETF exchange traded funds that RS belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

RS has outperformed the market in the last year with a return of +30.2%, while the SPY ETF gained +21.2%. In the last 3 month period, RS beat the market returning +15.0%, while SPY returned +3.0%. However, in the most recent 2 weeks RS has underperformed the stock market by returning -6.0%, while SPY returned -4.5%.

RS support price is $315.94 and resistance is $324.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RS stock will trade within this expected range on the day.