The latest close for Relay Therapeutics, Inc. (RLAY) came in at 13.40 (-7.84%). Medium-term tone has softened, but price remains above MA200. Momentum stays positive (+7.11%), with 52W position: 75% of range, while Volatility: ATR14 10.03%. RSI(14) is 47.5, leaving momentum in a fairly neutral range. RSI has been drifting lower recently, suggesting that upside momentum may be cooling slightly. MACD remains above its signal line, which keeps the momentum structure biased to the upside. The MACD histogram remains positive, although upside momentum is not accelerating further.
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Setup:
Pattern
Triangle breakout is active after price reclaimed the trigger zone.
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Holding above 14.83 keeps the breakout structure healthier.
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Risk:
A loss of 11.52 would weaken the setup.
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Projection target sits near 20.68.
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Key levels:
A recent downtrend break is now confirmed, which means the longer-term falling resistance has already been reclaimed and the structure has shifted from compression toward continuation.
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Key levels:
Near-term structure is defined by support at 13.13 and resistance at 13.59.