Back to top

RS forms Bearish Engulfing on August 6

SwingTradeBot Nightly Stock Scan: Reliance Steel & Aluminum Co. (RS) — Technical Patterns & Alerts · Aug 6, 2026, 17:34 ET
RS closed down 0.7% on Thursday, August 6th, with volume running 0.6× below average. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 414.34, 410.56 & 406.24, with resistance at 422.44, 426.76 & 430.54. Slow Stochastic readings suggest the stock is currently overbought.

Current SwingTradeBot Technical Rating of RS: A

Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.

Read full article here »

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Reliance, Inc. (RS)