Forecast: (RS) for today January 17 & Weekly Forecast from 14 January to 20 January
Reliance Steel & Aluminum Co icon

Forecast: (RS) for today January 17 & Weekly Forecast from 14 January to 20 January

Updated: January 17, 2024


Brief information about Reliance Steel & Aluminum Co

Ticker: RS

Closing price of the last trading day: $278.59

Last trading day: 01/16/2024

Analyst forecast price: $297

52-week high/low: $293.85 / $204.87

Shares of Reliance Steel & Aluminum Co are traded on the stock exchange under the ticker RS, marking their space in the competitive "Trade & services" sector. For stakeholders, tracking the dynamic price movement of RS is crucial for making informed investment decisions. In a market influenced by myriad factors, predicting the trajectory of these shares becomes both a challenge and a necessity. Predictive analytics and data-driven insights play a pivotal role in forecasting the performance of RS. The investors seeking up-to-date and accurate forecasts for Reliance Steel & Aluminum Co shares can turn to resources like Allforecast.com. The website stands out as a reliable tool offering real-time predictions, ensuring that investors are equipped with current and anticipated stock trends. On Allforecast.com, users gain access to a comprehensive analysis and predictions specifically tailored for RS, spanning varied timeframes - from the next day's anticipations to weekly, monthly, and yearly forecasts. The platform’s real-time updating mechanism ensures that the forecasted data aligns with the ongoing market trends and economic shifts, offering users actionable insights to optimize their investment strategies. The forecasts integrate a mix of qualitative and quantitative analyses, sector-specific trends within "Trade & services", and broader market dynamics to present a holistic view of RS's expected performance. By leveraging such precise and timely data, investors can strategize their moves, balancing risks and opportunities associated with Reliance Steel & Aluminum Co's stocks. Navigating through the unpredictable terrains of the stock market requires actionable insights and timely data. Allforecast.com serves as a companion for investors eyeing RS, offering them a blend of accuracy and timeliness in predicting stock movements, aiding in informed and strategic investment choices.

Main Headquarters: Situated at 350 S GRAND AVE STE 5100, LOS ANGELES, CA, US, this location serves as the primary hub for all corporate activities.

Reliance Steel & Aluminum Co's Current Market Value: As of our last update, it's pegged at $16 205 154 000, indicating its standing in the financial landscape.

Shares Overview: Currently, 57 471 000 shares of Reliance Steel & Aluminum Co are actively traded and held by the public.

Last year's EBITDA (Earnings Before Interest, Taxes, and Depreciation) for Reliance Steel & Aluminum Co stood at 2 120 700 000$. This figure provides insights into the company's operational profitability. With this positive EBITDA, Reliance Steel & Aluminum Co showcases a favorable financial health.

The PE ratio according to the latest reporting is at around 11.82. P/E shows the investor how many years his investment in this business pays off. That is, investments in Reliance Steel & Aluminum Co shares will pay off in about 12 years. In principle, this is a good indicator, but it is worth looking at these shares only for a long time.

In addition to fundamental factors, stocks are influenced by many other factors. For example, it is worth monitoring all global forecasts for Reliance Steel & Aluminum Co shares. Our service will help you with this, in which we collect all forecasts and build one consensus forecast from them.



Reliance Steel & Aluminum Co stock forecast

When considering an investment in Reliance Steel & Aluminum Co, prospective investors often seek insights on its long-term performance. Our platform consolidates the expert analyses and projections from renowned global analysts to offer a unified consensus forecast for 2024, 2025, 2026, 2027, and 2028.

With these forecasts at your disposal, you can address critical questions like:

What will be the price of one share of Reliance Steel & Aluminum Co in the subsequent years including 2024, 2025, 2026, 2027, and 2028?

What consensus have the analysts reached regarding the future performance of Reliance Steel & Aluminum Co stock?

Is Reliance Steel & Aluminum Co stock a viable option for both short-term and long-term investment?

Is it prudent to sell or hold Reliance Steel & Aluminum Co shares in 2024?

Is 2024 the opportune moment to buy Reliance Steel & Aluminum Co stock, or is patience a more viable strategy?

What are the anticipated entry and exit points for investing in Reliance Steel & Aluminum Co stock, according to expert forecasts?

It’s pivotal to remember that these forecasts are to be utilized as informational resources and not definitive investment advice. The final investment decision rests solely upon the investor, contingent on their risk tolerance, investment goals, and thorough analysis of Reliance Steel & Aluminum Co.

Insight into Our Forecasting Process

Our forecasting methodology encompasses the aggregation of public and expert data on Reliance Steel & Aluminum Co, coupled with a sophisticated algorithm that calculates a weighted average forecast while eliminating outliers. This ensures that our audience receives a refined and realistic projection of Reliance Steel & Aluminum Co stock’s future performance.

Reliance Steel & Aluminum Co Daily Share Price Forecast for One Month

Our team has meticulously gathered and analyzed forecasts from a diverse pool of analysts to present a consolidated average daily forecast for Reliance Steel & Aluminum Co shares over the upcoming month. It’s essential to bear in mind that short-term predictions can often be subject to significant volatility, influenced by a myriad of dynamic, real-time market factors.

As you scroll, you’ll discover a detailed graph illustrating the consensus forecast for Reliance Steel & Aluminum Co stocks over the next 30 days. The gray spectrum of the chart delineates the historical trajectory of the stock’s price, while the turquoise spectrum provides a visual representation of the anticipated price, inclusive of potential fluctuation ranges, offering insights into prospective market trends and stock behaviors.

In the dynamic world of stock trading, analysts and investors closely observe the projected highs and lows of Reliance Steel & Aluminum Co shares. Our integrated forecast predicts a peak price of $306.31 in the forthcoming 30 days, indicating the zenith of the stock's potential performance. An encouraging revelation, denoting an upside potential of 9.95% from the current standing.

On the flip side, the stock might plummet to a minimum of $237.59 within the same period. A decline of 17.26% signals caution, nudging investors towards a more conservative stance.

Consequently, a fluctuation corridor emerges, with the stock’s resistance at $306.31 and support at $237.59, indicating the oscillating nature of Reliance Steel & Aluminum Co’s stock over the one-month spectrum. These oscillations, while providing trading opportunities, should be navigated with adept knowledge and strategic foresight.

So, what’s the trajectory of Reliance Steel & Aluminum Co amidst these projections? The nuances of stock trading and investment are encapsulated in the constant ebb and flow of the market, influenced by intrinsic and extrinsic factors. Hence, a comprehensive, nuanced understanding of market dynamics, coupled with real-time analytics, emerges as the cornerstone for maximizing ROI and mitigating risks.

The evolution of Reliance Steel & Aluminum Co’s stock is akin to a narrative unfolding, shaped by myriad factors including market trends, economic indicators, and investor sentiment. Each fluctuation is a chapter of this narrative, offering insights, challenges, and opportunities to the discerning investor.

Evaluating the resilience of the support level is crucial in gauging the future trajectory of Reliance Steel & Aluminum Co shares. The anticipation is that the price will hover near the support level for 1 days. The stability of Reliance Steel & Aluminum Co at this level is relatively assured, signaling a low risk of a downward shift.

It’s imperative to remember the innate unpredictability of the stock market. The actual future value of Reliance Steel & Aluminum Co shares is subject to variables beyond predictive analytics. Nonetheless, investors can expect the stock to oscillate within the defined optimistic and pessimistic target price brackets, offering both challenges and opportunities for strategic trading and investment.

Forecast table for 30 days
Date Target Pes. Opt. Vol., %
Jan 19 284.40 278.03 292.25 5.11
Jan 20 279.63 277.05 284.55 2.70
Jan 21 283.88 279.67 289.67 3.57
Jan 22 279.11 276.87 281.56 1.69
Jan 23 280.78 275.28 286.85 4.20
Jan 24 288.76 280.55 292.22 4.16
Jan 25 283.21 280.49 287.52 2.50
Jan 26 277.89 275.55 285.78 3.71
Jan 27 277.22 274.67 281.32 2.42
Jan 28 281.10 278.29 287.51 3.31
Jan 29 281.21 272.66 288.52 5.82
Jan 30 286.84 281.79 295.90 5.01
Jan 31 291.43 288.40 300.64 4.24
Feb 01 292.94 290.60 296.93 2.18
Feb 02 297.04 294.07 306.31 4.16
Feb 03 293.00 284.33 299.92 5.48
Feb 04 288.32 284.39 293.51 3.20
Feb 05 283.93 279.96 291.66 4.18
Feb 06 284.84 278.69 287.69 3.23
Feb 07 284.39 278.13 288.03 3.56
Feb 08 282.57 273.86 290.03 5.90
Feb 09 272.85 266.84 275.90 3.39
Feb 10 271.54 263.39 277.73 5.44
Feb 11 270.12 266.88 275.09 3.08
Feb 12 278.12 274.34 280.46 2.23
Feb 13 274.34 268.41 281.58 4.91
Feb 14 265.12 256.95 267.35 4.04
Feb 15 258.01 251.41 264.72 5.30
Feb 16 249.55 243.66 252.05 3.44
Feb 17 240.87 237.59 245.11 3.16

Reliance Steel & Aluminum Co Stock Forecast 19 Jan.

Presumably, on 01/19/2024, the price of shares will be in the range of $278.03 - $292.25. A $14.22 range width can provide 5.11% volatility. The weighted average price of this range is at $284.40, which is $5.33 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 20 Jan.

Presumably, on 01/20/2024, the price of shares will be in the range of $277.05 - $284.55. A $7.49 range width can provide 2.70% volatility. The weighted average price of this range is at $279.63, which is $4.78 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 21 Jan.

Presumably, on 01/21/2024, the price of shares will be in the range of $279.67 - $289.67. A $9.99 range width can provide 3.57% volatility. The weighted average price of this range is at $283.88, which is $4.25 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 22 Jan.

Presumably, on 01/22/2024, the price of shares will be in the range of $276.87 - $281.56. A $4.69 range width can provide 1.69% volatility. The weighted average price of this range is at $279.11, which is $4.77 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 23 Jan.

Presumably, on 01/23/2024, the price of shares will be in the range of $275.28 - $286.85. A $11.57 range width can provide 4.20% volatility. The weighted average price of this range is at $280.78, which is $1.67 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 24 Jan.

Presumably, on 01/24/2024, the price of shares will be in the range of $280.55 - $292.22. A $11.67 range width can provide 4.16% volatility. The weighted average price of this range is at $288.76, which is $7.98 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 25 Jan.

Presumably, on 01/25/2024, the price of shares will be in the range of $280.49 - $287.52. A $7.02 range width can provide 2.50% volatility. The weighted average price of this range is at $283.21, which is $5.55 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 26 Jan.

Presumably, on 01/26/2024, the price of shares will be in the range of $275.55 - $285.78. A $10.23 range width can provide 3.71% volatility. The weighted average price of this range is at $277.89, which is $5.32 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 28 Jan.

Presumably, on 01/28/2024, the price of shares will be in the range of $278.29 - $287.51. A $9.22 range width can provide 3.31% volatility. The weighted average price of this range is at $281.10, which is $3.88 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 29 Jan.

Presumably, on 01/29/2024, the price of shares will be in the range of $272.66 - $288.52. A $15.86 range width can provide 5.82% volatility. The weighted average price of this range is at $281.21, which is $0.11 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 30 Jan.

Presumably, on 01/30/2024, the price of shares will be in the range of $281.79 - $295.90. A $14.11 range width can provide 5.01% volatility. The weighted average price of this range is at $286.84, which is $5.62 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 31 Jan.

Presumably, on 01/31/2024, the price of shares will be in the range of $288.40 - $300.64. A $12.24 range width can provide 4.24% volatility. The weighted average price of this range is at $291.43, which is $4.59 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 01 Feb.

Presumably, on 02/01/2024, the price of shares will be in the range of $290.60 - $296.93. A $6.33 range width can provide 2.18% volatility. The weighted average price of this range is at $292.94, which is $1.52 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 02 Feb.

Presumably, on 02/02/2024, the price of shares will be in the range of $294.07 - $306.31. A $12.24 range width can provide 4.16% volatility. The weighted average price of this range is at $297.04, which is $4.10 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 03 Feb.

Presumably, on 02/03/2024, the price of shares will be in the range of $284.33 - $299.92. A $15.59 range width can provide 5.48% volatility. The weighted average price of this range is at $293.00, which is $4.04 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 04 Feb.

Presumably, on 02/04/2024, the price of shares will be in the range of $284.39 - $293.51. A $9.11 range width can provide 3.20% volatility. The weighted average price of this range is at $288.32, which is $4.69 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 05 Feb.

Presumably, on 02/05/2024, the price of shares will be in the range of $279.96 - $291.66. A $11.70 range width can provide 4.18% volatility. The weighted average price of this range is at $283.93, which is $4.38 lower than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 06 Feb.

Presumably, on 02/06/2024, the price of shares will be in the range of $278.69 - $287.69. A $9.00 range width can provide 3.23% volatility. The weighted average price of this range is at $284.84, which is $0.91 higher than the previous day's weighted average price.

Reliance Steel & Aluminum Co Stock Forecast 07 Feb.

Presumably, on 02/07/2024, the price of shares will be in the range of $278.13 - $288.03. A $9.90 range width can provide 3.56% volatility. The weighted average price of this range is at $284.39, which is $0.45 lower than the previous day's weighted average price.

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Reliance Steel & Aluminum Co monthly stock forecast for 2024, 2025, 2026, 2027, 2028.

Table of forecasts for 2024.
Month Target Pes. Opt. Vol., %
Feb. 278.95 261.55 295.27 11.42
Mar. 314.49 305.50 334.93 8.79
Apr. 321.44 305.56 342.75 10.85
May. 326.87 309.88 356.19 13.00
Jun. 291.60 277.96 312.07 10.93
Jul. 287.06 278.10 294.89 5.69
Aug. 313.92 299.64 328.21 8.70
Sep. 319.64 308.42 349.97 11.87
Oct. 323.38 310.76 344.40 9.77
Nov. 320.01 306.28 346.64 11.64
Dec. 310.03 295.12 324.54 9.07

Diving into a more comprehensive insight, the monthly consensus forecast is an instrumental resource for investors eyeing Reliance Steel & Aluminum Co's performance metrics. These projections are meticulously curated, leveraging insights from renowned global analysts and offering a panoramic view of the anticipated stock behaviour for the current year and beyond.

In the mid-term analysis, forecasting accuracy enhances, attributed to the diminished influence of transient market fluctuations. For this year, the zenith of Reliance Steel & Aluminum Co share’s value is anticipated to touch $356.19, offering a robust metric for investment strategies, sans the extremes of varied agency forecasts.

On the contrary, the nadir projections settle at $261.55, delineating the lower threshold and offering a holistic perspective on the risk and return landscape.

Progressing further, we have extrapolated these analytical insights to generate consensus forecasts for subsequent years. The synthesized data, presented in intuitive tabular formats, offers investors, analysts, and enthusiasts a streamlined view into the future of Reliance Steel & Aluminum Co stocks.

Anticipated Trends: Reliance Steel & Aluminum Co (RS) Monthly Stock Trajectory for 2025

Table of forecasts for 2025.
Month Target Pes. Opt. Vol., %
Jan 271.74 259.38 286.22 9.38
Feb 294.70 283.59 304.28 6.80
Mar 318.46 285.75 334.19 14.49
Apr 316.39 306.51 344.35 10.99
May 330.37 311.90 358.72 13.05
Jun 338.96 309.00 365.84 15.54
Jul 363.19 333.92 378.30 11.73
Aug 383.50 349.10 394.47 11.50
Sep 390.98 369.63 429.10 13.86
Oct 358.95 327.22 376.22 13.02
Nov 369.22 346.18 401.86 13.86
Dec 373.06 357.54 392.46 8.90

Reliance Steel & Aluminum Co (RS) Monthly Stock Prediction for 2026

Table of forecasts for 2026.
Month Target Pes. Opt. Vol., %
Jan 414.77 379.72 445.50 14.77
Feb 417.47 378.39 431.03 12.21
Mar 444.06 414.04 466.57 11.26
Apr 439.44 395.45 458.86 13.82
May 453.15 433.12 469.64 7.78
Jun 402.49 373.71 427.60 12.60
Jul 379.47 347.40 413.50 15.99
Aug 348.39 318.04 369.22 13.86
Sep 340.23 319.45 371.64 14.04
Oct 334.04 314.94 343.16 8.23
Nov 367.05 333.64 388.04 14.02
Dec 368.95 351.69 395.81 11.15



Reliance Steel & Aluminum Co (RS) Monthly Stock Prediction for 2027

Table of forecasts for 2027.
Month Target Pes. Opt. Vol., %
Jan 396.77 380.27 426.69 10.88
Feb 434.94 423.63 448.51 5.55
Mar 457.56 442.10 490.28 9.83
Apr 450.42 411.19 472.09 12.90
May 438.13 425.60 466.60 8.79
Jun 409.08 397.91 445.24 10.63
Jul 434.60 407.49 466.81 12.71
Aug 413.14 378.76 456.10 16.96
Sep 447.51 419.00 466.12 10.11
Oct 453.91 429.71 473.97 9.34
Nov 466.89 425.01 497.24 14.53
Dec 511.20 477.30 559.04 14.62

Reliance Steel & Aluminum Co (RS) Monthly Stock Prediction for 2028

Table of forecasts for 2028.
Month Target Pes. Opt. Vol., %
Jan 537.11 508.49 592.28 14.15
Feb 599.26 559.53 628.08 10.92
Mar 591.47 560.71 636.83 11.95
Apr 601.46 563.15 629.61 10.56
May 546.73 501.95 587.24 14.52
Jun 553.13 499.92 591.24 15.45
Jul 499.92 448.58 517.46 13.31
Aug 470.67 430.90 517.17 16.68
Sep 452.93 439.39 490.02 10.33
Oct 493.56 462.12 512.80 9.88
Nov 519.22 471.30 534.07 11.75
Dec 549.59 503.87 563.88 10.64


Denial of responsibility:

All submitted consensus forecasts are exposed to get acquainted with the algorithm for collecting forecasts and bringing them to a single whole. The portal allforecast.com is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.